We have received market reports advising that Nan Ya is expanding its polyester staple fiber capacity at its Lake City, SC plant. There is no formal press announcement at this time, but we believe the expansion will lead to an additional 40 – 50 million lbs of annual capacity (18,000 – 23,000 tons). The target end use segment for this capacity increase is understood to be spinning fiber and start-up is expected in 2016.
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