Invista to invest $100m in Brazilian fibre plant

Invista is to invest over $100m in a new Lycra fibre production plant in Paulínia, São Paulo.

As part of Invista’s strategy to expand its business in Brazil and sustain its position in the region, construction of the expansion project will begin immediately, with an expected opening in late 2012.

The manufacturer currently has sites in Americana, São Paulo, producing Supplex fabric, and in Paulínia, where it produces Lycra fibre.

The new spandex plant, which will be installed at Invista’s Paulínia site, is expected to generate a significant number of new jobs after the start of operations.

“Brazil is a growing and strategic market for our business,” said David Trerotola, president of Invista Apparel. “Brazil’s textile market is very integrated, with textile mills, garment and fashion brands with high penetration in the country and the world. Through our local and global innovations in textile fibres, we are able to offer even more solutions to customers.”

According to the Brazilian Association of Producers of Artificial and Synthetic Fibres (ABRAFAS), the Brazilian textile industry contributes $1.06bn in annual revenues.

German Silva, Invista Apparel business director for South America, said: “Textile companies must continually improve and advance their technology to maintain a world-leading position in the marketplace. Given the need for more and more differentiation, we are always innovating and looking for new ways to develop Lycra fibre with value-added attributes.”

Source: Inteletex

 

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