Foshan, China -- Invista has expanded its spandex joint venture plant in Foshan, China, by 12.5 kilotonnes, the polymer and fibre producer said in a 5 May statement.
The expansion will bring total annual capacity at the plant to 24.5 kilotonnes. And with a total investment of more than $227 million, the venture between Invista and Foshan Plastics Group Co. Ltd remains the largest foreign investment ever in Guangdong's fibre industry, Invista claimed.
"China has become the largest spandex-consuming country in the world. With the expansion of our Foshan site, Invista continues to demonstrate its commitment to the global market and China, and our ability to anticipate and meet the changing needs of the market," said David Trerotola, president of Invista Apparel.
He added, "As a world-leading spandex producer, we do not just focus on building capacity, but also on bringing innovations to meet the needs of the industry and the consumers.
"As part of these efforts, we are moving forward with our plan to set up a China Textile Research Centre in Qingpu district of Shanghai to support the development and commercialisation of new fibre, fabric and garment innovations. The facility is expected to commence operations in the middle of 2012."
In China, Invista also operates manufacturing plants and ventures in Qingpu district of Shanghai and Liangyungang of Jiangsu province, as well as sales and marketing offices in Beijing, Shanghai, Guangzhou and the Hong Kong. The company said it is moving forward with engineering for construction of a nylon intermediates and polymer facility in Shanghai.