Printer Friendly

DOMINION TEXTILE MOVES TO STRENGTHEN ITS POSITIONING IN NORTH AMERICAN AND EUROPEAN NONWOVENS MARKETS

 DOMINION TEXTILE MOVES TO STRENGTHEN ITS POSITIONING
 IN NORTH AMERICAN AND EUROPEAN NONWOVENS MARKETS
 MONTREAL, Nov. 2 /PRNewswire/ -- Dominion Textile Inc. (MONTREAL: DTX) announced today that it will invest an additional US$29 million to expand and upgrade manufacturing capacity for nonwoven fabrics in North America and Europe.
 Almost $19 million will be invested over a three year period at Poly-Bond in Waynesboro, Virginia. This expenditure will include the construction of a new manufacturing facility. Also, significant funds have been provided to upgrade current equipment to the latest technology and expand capacity by over 20 percent.
 The balance of the investment is earmarked for the Nordlys unit in Bailleul, France, to complete the consolidation of the company's operations into one modern and efficient plant during the next two years. It involves a building extension, relocation and modernization of equipment, as well as the addition of a new chemical bonding line to complement the existing product range.
 "This additional investment in nonwovens will enable us to keep pace with the expected growth in customer demand and to meet the quality and variety requirements of the marketplace," said Charles H. Hantho, chairman, president and chief executive officer. "We have successfully capitalized on the growth potential of the nonwovens business by acting quickly to establish an international presence."
 Dominion Textile has built a strong position in nonwovens through acquisition, expansion and the building of new production facilities. In 1987, the corporation acquired spunbonded technology in the U.S. and has since invested over US$42 million to build production capacity in Poly-Bond, the corporation's North American nonwovens business.
 Nordlys in France, was acquired in 1988. In 1989 and 1990, Dominion Textile invested US$24 million to upgrade equipment and relocate two of the three Nordlys plants into a new production facility. Last year, the corporation inaugurated a $11 million nonwovens plant in Malaysia.
 Nonwovens are used by the corporation's customers in the manufacture of industrial products such as electrical cable insulation, disposable protective garments and garment interlinings, and diapers; and fabrics for medical end uses.
 Dominion Textile, with corporate headquarters located in Montreal, Quebec, is a major international manufacturer of textile and textile related products which conducts business in some 50 countries.
 The CDN $ equivalent value of the total investment is approximately $36 million.
 -0- 11/2/92
 /CONTACT: Lise Charron, director of corporate communications of Dominion Textile, 514-989-6468/
 (DTX) CO: Dominion Textile Inc. ST: Quebec IN: TEX SU: ECO


TM -- NY105 -- 1858 11/02/92 19:20 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 2, 1992
Words:416
Previous Article:STATEMENT BY HOUSTON AIR
Next Article:MICHIGAN OTC CHANGES, PROVIDED BY FIRST OF MICHIGAN CORP., TODAY: NOV. 2, 1992
Topics:


Related Articles
Nordlys celebrates opening of new facility in France.
DOMINION TEXTILE FURTHER INVESTS IN POLY-BOND
DOMINION TEXTILE FURTHER INVESTS IN POLY-BOND
DOMINION TEXTILE ANNOUNCES SALE OF INTERLINING BUSINESS
DOMINION TEXTILE AND CHARGEURS EXCHANGE BUSINESSES
DOMINION TEXTILE INC. CONCLUDES SALE OF INTERLINING BUSINESS
DOMINION TEXTILE INC. UNVEILS STRATEGY; PRODUCT FOCUS - CUSTOMER FRANCHISE - GLOBAL LEADERSHIP
DOMINION TEXTILE INC. FORMS JOINT VENTURE IN SOUTH AMERICA
Regional spotlight: Turkey and the Middle East: nonwovens output targets local and global markets.
Spunlaced in America: the sky is the limit.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters