Custom Synthetic Fibers LLC plans to open a recycled polyester fiber plant in Alabama

Alabama, United States: Custom Synthetic Fibers LLC has announced plans to open a recycled polyester fiber plant in Rogersville, Ala. The equipment is expected to be installed by the end of this June and operations beginning by early July. The company is owned by a group of investors, including the majority owners of Custom Polymers Inc. and Custom Polymers PET LLC. The investment on the new facility is around USD6 million. The initial plans include production of 40 million pounds of recycled polyester staple fiber per year and will target the automotive, home furnishing, industrial, apparel and consumer goods markets initially. In order to allow for future expansion plans, plant has been designed accordingly and it would boost total production by an additional 80 million pounds if needed. The plant will produce high quality recycled polyester fiber by incorporating recycled polyester raw materials.

TechSci Research depicts that the methods used to produce the fiber are environment friendly and cost effective. Moreover, the state-of-the-art technology would let customers benefit from fiber to meet their stringent quality and consistency requirements. More benefits create more demand and more production. Increase in production of polyester will increase the demand of plasticizers which are used in the production process of polyester. Hence, expanding polyester industry is projected to drive the market of plasticizers across the globe.

According to a recent report published by TechSci Research, “Qatar Plasticizers Market By Type, By Application, Competition Forecast and Opportunities, 2011-2021”, market for plasticizers in Qatar is projected to growth at a CAGR of 9.75% during 2016 - 2021. Expanding packaging industry in the country is expected to augment demand for plasticizers from films & sheets industry in the coming years. In addition, increasing construction of modern structures involving use of PVC based flooring, roofing and wall covering, along with construction of stadiums for FIFA World Cup 2022, is expected to boost consumption of plasticizers in the construction sector through 2021. Demand for plasticizers from pipes & fittings industry is also expected to escalate due to increase in government expenditure on drainage systems in the urban & semi urban regions of Qatar.