The world’s leading industrial fiber supplier, American Performance Optical Fiber Co., Ltd., plans to build a second polyester fiber plant in China and double its production capacity.
Performance Fibers manufactures low-profile, high-modulus-stabilized polyester cords for tires and rubber products. The company recently doubled its annual production capacity at its joint venture in Kaiping, China and is currently evaluating the expansion of Kaiping. The capacity of the joint venture plant or the construction of a second wholly-owned production plant.
The performance fiber company believes that China's demand for polyester cords is strong, with an annual growth rate of 15% to 20%, while North American and European growth rates are only 4% to 6%. The company's polyester cord sales revenue increased by nearly 9% to 400 million U.S. dollars last year and is expected to increase by 10% to 15% this year.
Performance Fibers manufactures low-profile, high-modulus-stabilized polyester cords for tires and rubber products. The company recently doubled its annual production capacity at its joint venture in Kaiping, China and is currently evaluating the expansion of Kaiping. The capacity of the joint venture plant or the construction of a second wholly-owned production plant.
The performance fiber company believes that China's demand for polyester cords is strong, with an annual growth rate of 15% to 20%, while North American and European growth rates are only 4% to 6%. The company's polyester cord sales revenue increased by nearly 9% to 400 million U.S. dollars last year and is expected to increase by 10% to 15% this year.
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