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04/23/2014 - 04/26/2014

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Nonwovens / Technical Textiles

PGI Develops Restructuring Plan Produces Fabric For DuPont

Polymer Group Inc. (PGI), North Charleston, S.C., is in the process of finalizing a restructuring plan, which the company hopes will result in a fourth-quarter restructuring charge of no more than $150 million.Jerry Zucker, PGI chairman, president and CEO, said, This decision will result in a repositioning of assets throughout our system, reducing much of the trial, qualification and commercialization costs of our Apex® programs and a material reduction in our manufacturing costs. This restructuring will result in annual savings in the range of $55 to $60 million once fully implemented.In other company news, PGI recently entered into a supply agreement with Wilmington, Del.-based DuPont. Under the agreement, PGI will use DuPonts Nomex® fiber in the manufacture of its Miratec®/Apex® fabric for the DuPont Advanced Fiber Systems business. DuPont introduced various new thermal-protective apparel fabrics made from Nomex earlier this fall.The combination of the Nomex fiber and the Miratec/Apex technology yields a fabric that capitalizes on the thermal-protective properties of Nomex fiber and the unique characteristics of PGIs Miratec/Apex technologies, said Grant Reeves, COO, Oriented Polymers Division, PGI.Miratec fabrics are manufactured using PGIs proprietary Apex laser and fabric-forming technologies.

December 2001




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