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KoSa To Invest In Shelby Plant

KoSa To Invest In Shelby PlantKoSa, Charlotte, will invest in renewal of its Shelby, N.C., facility, which produces polyester technical filament used primarily for sewing thread, as well as polyester textile filament.The company will update manufacturing technology, expand low-denier polyester technical filament capacity, upgrade the spinning process and install state-of-the-art draw-twist equipment. Production of polyester textile filament will continue.KoSa expects to complete the first phase of the renewal, adding 8 million pounds of capacity, during the fourth quarter 2003.This investment will strengthen KoSas position as a leading global supplier of low-denier polyester filament for sewing thread applications. This project firmly demonstrates KoSas continuing commitment to NAFTA and the global marketplace for polyester sewing thread filament products and services, said Thomas Kehl, vice president and general manager, Technical Fibers. December 2002