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Polymer Group, Inc. Canada Expands Coating and Printing Capacity

Published on 2006-03-22. Author : SpecialChem

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.

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.

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.

Source: Polymer Group, Inc.


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