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PGI Introduces New Moldable Substrates for Automotive Industry


April 2007
 Filed under: AUTOMOTIVE MANUFACTURING Car News | AUTOMOTIVE MANUFACTURING Headlines
MIAMI, April 26 /PRNewswire-FirstCall/ -- Polymer Group, Inc. (PGI) (OTC Bulletin Board: POLGA; POLGB) today introduced new substrates for moldable automotive components made from recyclable materials that improve acoustics in vehicles.

Used in trunk and wheel well liners, the substrates made from recyclable polypropylene and polyethylene terephthalate (PET) provide a barrier to absorb sound and reduce noise in the interior compartment of a vehicle by 25 to 30 percent.

PGI developed a unique one-step manufacturing process that combines the recycled materials with a top virgin-facing material, integrating both through layering and needlepunching. This one-step process, and use of recyclable materials, produces a more cost-effective product.
The company also has the capability to incorporate colors specified by OEMs and Tier I automotive suppliers during this process. The color-specified face fibers ensure weather and abrasion resistance to pass all OEM stringent specifications. Additives for UV protection can be engineered into the polymer for open trunk applications where sun exposure will occur.

The high-strength, lightweight materials range from 25 to 40 ounces. Introduced here at the International Engineered Fabrics Conference and Expo (IDEA07), the materials are currently being used in domestic vehicles and are now available commercially.

"This new value-added substrate is an innovative solution that meets the growing demand for improved acoustics in all vehicle categories and makes of cars," said Don Bokshan, PGI's automotive sales and marketing director. "Not only does this product deliver improved acoustical performance desired by consumers, and being specified by auto makers, it also is an environmentally friendly alternative to traditional reinforced plastic, providing another benefit."

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 21 manufacturing and converting 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 Annual Report on Form 10-K.

Source: Polymer Group, Inc.

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