(Filed Under Financial and General Interest News). The Dow Chemical Company is calling its fiber business quits. The company will cease production of Dow XLA products within the next 6 to 8 months. Introduced in 2002, Dow XLA is a polyethylene fiber with stretch properties used in apparel including swimwear, intimate apparel, activewear and denim. The company markets it as “extremely versatile” due to its heat and chemical resistance, and its ability to blend with natural and synthetic fibers.
According to a spokesperson for The Dow Chemical Company, the company is shutting down Dow Fiber Solutions based on its performance. “This decision is consistent with our effort to streamline and focus the company’s portfolio of businesses,” she said. “After a thorough review, Dow determined that Dow Fiber Solutions was unable to compete with other Dow performance businesses for further investment and expansion […] Dow will continue to operate the Dow Fiber Solutions production facility in Tarrgona, Spain to meet our customers’ current and final order requirements. The facility will then cease to operate and an alternative use within Dow will be explored.”
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