Plastics News China is reporting that Shanghai Pret Composites Co. Ltd. is acquiring Wellman Plastics Recycling LLC of Johnsonville one of the largest recyclers in the U.S. Read article here... AKC Note: Wellman Plastics Recycling and Wellman Engineering Resins were formed in 2008 when Wellman Inc. completed the sale of its engineering resins business [...]
McMichael Mills are reported to be expanding their covering operation by taking over an additional area of 123,000 sq ft in Burlington, NC. Read article here... AKC Note: McMichael Mills currently have manufacturing in Mayodan and Burlington producing covered spandex and latex rubber using nylon, polyester, cotton and other fibers as the wrap yarn. [...]
Indorama has announced an agreement to purchase Performance Fibers (PF) Asia operations from an affiliate of Sun Capital Partners. Read article here... AKC Note: The PF high tenacity polyester plant in Asia is located in Kaiping, Guangdong Province, China and has 48,000 tons of tire cord yarn as well as 41,000 tons of tire [...]
It is reported that the Department of Commerce has decided to impose a preliminary countervailing duty of 15.69% on imports of tires from China. There are a few individual companies who have received either higher or lower penalties: Read article here... AKC Note: This seems to be quite a significant move by DoC [...]
We have received market reports advising that Nan Ya is expanding its polyester staple fiber capacity at its Lake City, SC plant. There is no formal press announcement at this time, but we believe the expansion will lead to an additional 40 - 50 million lbs of annual capacity (18,000 - 23,000 tons). The target end [...]
Read the announcement here... AKC Note: The article states that Parkdale America is acquiring the Fruit of the Loom yarn spinning operations and indicates that they will modernize them with the latest technology in open end and ring spinning. The strategic partnership will make Parkdale the main supplier of spun yarns to Fruit. This is [...]
Read press release here... AKC Note: Sorona is a partly bio based polymer, formerly known as PTT, but now with its own generic name Triexta (March 2009). Sorona is the DuPont brand name. The polymer has had good success into carpets with Mohawk being the exclusive user of Sorona for residential carpet applications; it also has [...]
Read press release here... AKC Note: It has been known for a few months that Invista was planning to withdraw from the Americana operation and it was felt that Nilit was the most likely candidate to be the buyer. Nilit already has a significant DTY and covering operation in Brazil which it acquired in Q4 [...]
DAK Americas is announcing on its web site that it is increasing polyester staple fiber capacity at its Cooper River plant near Charleston, SC.The total expansion of 55 million lbs of capacity is over 2 phases and the 1st phase is scheduled to be completed by March/April 2015. Timing of the 2nd phase has not been [...]
Read article here.... AKC Note: The article indicates the plant will produce upholstered fabric furniture, sofas, sectionals, recliners and sleepers. So we would anticipate increased demand for yarn for fabrics and also fiber for filling. This follows the very large Ashley Furniture expansion in Winston-Salem making the area a major furniture hub again. Alasdair [...]