AlliedSignal To Expand Advanced Polyester Fiber Production In Asia.KAIPING, China--(BUSINESS WIRE)--April 7, 1999--AlliedSignal Inc. said today it will expand production of its advanced generations of dimensionally stable polyester (DSP (1) (Digital Signal Processor) A special-purpose CPU used for digital signal processing applications (see definition #2 below). It provides ultra-fast instruction sequences, such as shift and add, and multiply and add, which are commonly used in math-intensive (R)) fibers in Asia to meet an increasing demand for the material in the region's automotive tire industry. The company said the emerging Asian passenger car and light truck market for radial tires presents a long-term growth opportunity for its DSP yarns, which are used as reinforcement materials in radial tires. The expansion will take place at the company's Kaiping production facility, which is a joint venture between AlliedSignal and China Kaiping Polyester Enterprise. It will include investments in state-of-the-art production equipment to enable the facility to significantly increase its DSP capacity and extend its production from standard polyester fibers Noun 1. polyester fiber - a quick-drying resilient synthetic fiber consisting primarily of polyester polyester - any of numerous synthetic resins; they are light and strong and weather resistant to new generation IX30 and IX50 yarns possessing higher modulus and dimensional stability dimensional stability, n See stability, dimensional. . AlliedSignal is the first company in China to produce the advanced generation DSP products. The facility will continue to produce standard DSP IX90 yarns. "The Kaiping operations are now positioned to produce the most advanced generation of DSP products within our global business," said Joel Murphy, Managing Director of Kaiping operations for AlliedSignal's Performance Fibers business. AlliedSignal Performance Fibers is the largest supplier of DSP fiber and fabric in China and the largest single-source polyester supplier for tire reinforcement in the world. "We have made a long-term commitment to the region and the entire industry with our investments in our tire-reinforcement capacity," said Brian Turner The name Brian Turner can apply to:
The Kaiping expansion is the latest in a series of strategic moves AlliedSignal has taken to grow its presence in the Asian market, which began in 1995 when it sold its first DSP fiber in China for radial passenger tire reinforcement. The company opened the Kaiping joint venture plant in 1996 and manufactured the region's first generation DSP material in 1998. "The expansion moves us to the next level of our customer satisfaction initiatives," said Michael Kotelec, Performance Fibers Director of Sales and Marketing for the Asia-Pacific region. "We are now even more responsive to the immediate and future needs of our customers in their production of world-class quality tires." AlliedSignal also produces tire yarns at production sites in Moncure, North Carolina Moncure is a small, rural area in southeastern Chatham County, NC. The community is located near the confluence of the Deep and Haw River. That confluence forms the Cape Fear River. The B. ; Hopewell, Virginia Hopewell is an independent city in the Commonwealth of Virginia. The population was 22,354 at the 2000 census. It is in Tri-Cities area of the Richmond-Petersburg region and is a portion of the Richmond Metropolitan Statistical Area (MSA). ; and Longlaville, France. In addition to tire yarns, the Kaiping plant produces high-tenacity PET polyester fiber and yarn; tire-cord fabric; industrial conveyor-belt canvas and other materials used in hose reinforcement, awnings, tarpaulins, seat belts, tie-downs and cordage cordage (kôr`dĭj), collective name for rope and other flexible lines. It is used for such purposes as wrapping, hauling, lifting, and power transmission. Early man used strips of hide, animal hair, and plant materials. . AlliedSignal Performance Fibers was created in January 1998 as a global business unit bringing together the company's broad portfolio of high performance fibers, including nylon, polyester, Spectra(R) fibers and PEN fibers for consumer, industrial and military uses. AlliedSignal Inc. is an advanced technology and manufacturing company serving customers worldwide with aerospace and automotive products, chemicals, fibers, plastics and advanced materials Advanced Materials is a leading peer-reviewed materials science journal published every two weeks. Advanced Materials includes Communications, Reviews, and Feature Articles from the cutting edge of materials science, including topics in chemistry, physics, . It is one of the 30 stocks that make up the Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. and is also a component of the Standard & Poor's 500 Index. The company employs 70,400 people in some 40 countries. AlliedSignal was named the best diversified company diversified company A company engaged in varied business operations not directly related to one another. A diversified company is less likely to suffer either a collapse or a spectacular gain in earnings compared with a firm concentrating its operations in a by Forbes global magazine; the most admired global aerospace company by Fortune magazine; and one of the 100 best companies to work for by Fortune. Additional information is available on the World Wide Web at http://www.alliedsignal.com. DSP(R) polyester is a registered trademark of AlliedSignal Inc. |
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