Poly-Bond to invest further in expansion plans.
The additional $5 million will enable the company to add a state-of-the-art winder/slitter to its Waynesboro facility, giving Poly-Bond access to much narrower width materials and electronically set knives for very specific end uses. Another $2.5 million is also expected to be invested for the upgrade of a third 3.2 meter line (the original investment already included the upgrade of two of Poly-Bond's eight lines).
The original investment program, announced last November, allocated $18 million for the upgrading of current capacity and transfer to a new facility under construction in Waynesboro.
The expansion is proceeding on schedule; the actual building is complete and the first line will begin moving next month. Poly-Bond is also considering whether or not to upgrade its 4.2 meter line in addition to the three 3.2 meter lines; it will also make a decision in the next six months on whether or not to add melt blowing capacity to this line.
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|Date:||Aug 1, 1993|
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