Announcement
Polymer Group, Inc.
4055 Faber Place Dr.
Suite 201
N. Charleston, SC 29405
www.polymergroupinc.com
843-329-5151
Polymer Group, Inc. Canada Expands Coating and Printing Capacity
Fabrene Group adds two new lines to better serve industrial markets
For Immediate Release
March 20, 2006
[NORTH CHARLESTON, S.C.] --- Polymer Group, Inc. (OTC Bulletin Board:
POLGA/POLGB) Canada has expanded its coating and printing capacity to
meet growing demand for its engineered fabrics for building and construction,
and other industrial uses.
The company’s Fabrene Group has installed a
wide-width extrusion coating and laminating line that offers multi-layer
capability for nonwovens,
paper, foils and films, as well as the ability to coat with specialty
resins for a wide range of technical end uses.
PGI Canada also announced it will install a new flexographic printing
line that offers widths in excess of 144 inches, providing customers
with even greater flexibility and shorter turnaround times in delivering
customized printed materials for industrial packaging and other uses.
The new line will be operational by June.
The $8 million investment by Fabrene in new technology
for these expansions strengthens the company’s position as one of the world’s
largest manufacturers of coated woven polyethylene.
“Building and construction is a growing market for PGI and this
investment in new technology will satisfy demand for products like housewraps
and roofing membranes that are even stronger and easier to install,” said
Eric Henderson, vice president sales and marketing, PGI Canada. “The
additional printing and coating capacity also will bring more value to
our customers.”
The new technology will enable PGI to provide better service to customers
in lumber- and steel-wrap markets, and improve its product offering and
performance in specialty laminates, automotive, military and apparel
markets.
PGI’s Fabrene operations provide engineered
woven polyolefin materials for building and construction, protective
covering and industrial packaging
to global markets from plants in North Bay, Ontario; Montreal, Quebec;
and Portland, Oregon. Additional company information is available at
http://www.fabrene.com.
Polymer Group, Inc., one of the world's leading producers of nonwovens,
is a global, technology-driven developer, producer and marketer of engineered
materials. With the broadest range of process technologies in the nonwovens
industry, PGI is a global supplier to leading consumer and industrial
product manufacturers. The company operates 22 manufacturing facilities
throughout the world. Additional company information is available at
http://www.polymergroupinc.com.
Safe Harbor Statement
Except for historical information contained herein, the matters set forth
in this press release are forward-looking statements that involve certain
risks and uncertainties that could cause actual results to differ materially
from those described in the forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. These forward-looking statements speak
only as of the date of this release. Important factors that could cause
actual results to differ materially from those discussed in such forward-looking
statements include: general economic factors including, but not limited
to, changes in interest rates, foreign currency translation rates,
consumer confidence, trends in disposable income, changes in consumer
demand for goods produced, and cyclical or other downturns; substantial
debt levels and potential inability to maintain sufficient liquidity
to finance the company's operations and make necessary capital expenditures;
inability to meet existing debt covenants; information and technological
advances; changes in environmental laws and regulations; cost and availability
of raw materials, labor and natural and other resources and the inability
to pass raw material cost increases along to customers; domestic and
foreign competition; reliance on major customers and suppliers; and
risks related to operations in foreign jurisdictions. Investors and
other readers are directed to consider the risks and uncertainties
discussed in documents filed by Polymer Group, Inc. with the Securities
and Exchange Commission, including the company's 2004 Annual Report
on Form 10-K.
For further information, please contact:
Dennis Norman
Vice President - Strategic Planning & Communication
(843) 329-5151
normand@pginw.com
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