Performance Fibers Announces Second Yarn Expansion in Germany to Meet Customer Demand
RICHMOND, Va., June 11, 2007 – Performance Fibers, one of the world’s leading producers of polyester fibers and materials, today announced its second polyester yarn expansion in Germany since acquiring the business last year.
The company said it will invest in spinning machines in early 2008 at its Bad Hersfeld plant to increase capacity of tie-yarn for weft-insertion fabrics by 30 percent, to meet strong demand from customers. Performance Fibers produces high-tenacity 80 dtex yarns to meet the exact production specifications used in premium applications such as back-lit signs, billboards and other applications.
The planned expansion follows a multi-million dollar investment in modernized draw winder machinery to be completed in July that expands capacity for low-denier industrial (LDI) yarn by more than 10 percent. These yarns are used in sewing, embroidery, outdoor fabric, awnings, banners, outdoor signs, flags, technical textiles and apparel.
“These two recent investments keep our state-of-the-art facility in Bad Hersfeld competitive and meet our customers’ needs for these specialized yarns,” said Greg Rogowski, president and CEO of Performance Fibers. “In addition to Europe, we recently announced an expansion of tire yarn production in China. Globally, we are committed to capitalizing on growth opportunities that will ensure our long-term business success.”
About Performance Fibers
Performance Fibers is a leading global supplier of high-tenacity polyester fibers, engineered fabrics, sewing thread fibers and advanced materials. With manufacturing facilities in North America, Asia and Europe, its products are used in a wide range of consumer and industrial applications. For more information, visit www.performancefibers.com.
About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Sun Capital affiliates have invested in and managed more than 150 companies worldwide with combined sales in excess of $35.0 billion since Sun Capital’s inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles, and New York, and affiliates with offices in London, Tokyo, and Shenzhen.
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