Richmond, Va.-based Performance Fibers has signed a multiyear agreement with Zhejiang GuXianDao
Industrial Fibre Co. Ltd. (GXD) whereby GuXianDao will exclusively supply Performance Fibers with
high-tenacity and low-shrinkage polyester fiber yarn for resale in North, Central and South
America, as well as India and Australia.
According to Performance Fibers, the agreement will enable it to enlarge its
product portfolio and provide customers with more global sourcing options.
Fred Indermaur, vice president, general manager, Americas, Performance Fibers
“Zhejiang GuXianDao Industrial Fibre Co. has consistently demonstrated a
strong commitment to superior quality and safety — both factors we value highly,” said Fred
Indermaur, vice president, general manager — Americas, Performance Fibers. “Through this agreement,
our full range of low-shrinkage and high-tenacity product offerings will be competitive with
domestic and offshore producers.”