2nd quarter 2006
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Profile of Performance Fibers
published in Issue 65, 2nd quarter 2006
Performance Fibers is one of the world’s leading suppliers and manufacturers of high tenacity polyester and other man-made industrial fibres and fabrics for the automotive, cordage and industrial fabrics industries.
The company’s products are used in a broad range of consumer and industrial applications, including tyre and carcase reinforcements, seat belts, airbags, mooring ropes, and mechanical rubber goods such as conveyer belts and power transmission belts. The company has manufacturing facilities in North America, Asia and Europe.
Performance Fibers is owned by Sun Capital Partners. The latter bought the business in December 2004 from Honeywell International. The transfer represented something of a turnaround in the financial performance for Performance Fibers. Between 2003 and 2004 the company’s net revenues grew by 8.7%, from US$368 mn to an estimated US$400 mn. But things changed dramatically after the December 2004 acquisition, when Performance Fibers’ revenues surged by 50% to an estimated US$600 mn in 2005.
Performance Fibers has pursued an active acquisition strategy over the past two years in an effort to expand its line of products and consolidate its dominant presence in the market for industrial fibres. In 2005 it spent about 3% of total sales on research and development and this percentage is expected to increase to 5% in the near future. A highly active acquisition strategy and substantial investments in research and development demonstrate the company’s commitment to strengthening its position in the industrial fibres industry.
|Technical Textile Markets provides intelligence, analysis and insight on the global man-made fibre, nonwoven and technical textile industries.|
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Each issue contains data and expert analysis on key industry topics, including: automotive technical textiles; biopolymers; chemical protective textiles; circularity; composites; e-textiles; environmental sustainability; filter media; flame resistant fabrics; glass fibre; graphene; Industry 4.0; insulation; medical textiles; military textiles; nonwoven specialities; personal protective equipment (PPE); synthetic fibre; and wearable technology.
A single issue of Technical Textile Markets includes:
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An annual subscription to Technical Textile Markets is a cost-effective way to keep informed about trends and developments in the global man-made fibre, nonwoven and technical textile industries. Subscriptions are available in printed and/or digital formats. Printed and digital subscribers receive each issue in printed format in addition to a digital PDF file, which is available immediately on publication. Subscribers also receive a complementary digital subscription to Technical Textiles Business Update, delivered directly by email once a month. This free supplement contains essential information on business news and the latest product developments.
Like all Textiles Intelligence publications, Technical Textile Markets is a reliable source of independently sourced business information, and it does not carry advertising.
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