Poly-Bond to invest further in expansion plans.Despite the fact that an $18 million investment program is already underway at Poly-Bond, Waynesboro Waynesboro, city (1990 pop. 18,549), surrounded by but politically independent of August co., central Va., in the Shenandoah valley; settled c.1736, inc. as a city 1948. An industrial center in a farm area, it has plants manufacturing a diverse variety of products. , VA, the U.S. subsidiary of the 19th largest non-wovens manufacturer Dominion Textile The Dominion Textile Inc. or Domtex was a major Canadian textile manufacturer that was founded in 1905 and closed in 1998 when its remains were purchased by the American Polymer Group, at the time headed by Jerry Zucker. , the company last month revealed plans to invest an additional $5 million as part of that expansion, with the possibility of additional investment in the near future.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 knives n. Plural of knife. knives Noun the plural of knife knives knife for very specific end uses. Another $2.5 million is also expected to be invested for the upgrade of a third 3.2 meter meter, unit of measure meter, abbr. m, fundamental unit of length in the metric system. The meter was originally defined as 1/10,000,000 of the distance between the equator and either pole; however, the original survey was inaccurate and the meter was later line (the original investment already included the upgrade of two of Poly-Bond's eight lines). The original investment program, announced last November November: see month. , 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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