SOURCE: Industrial Info Resources

July 10, 2008 05:00 ET

India's Reliance Industries Chooses North Carolina for First North American Manufacturing Plant, an Industrial Info News Alert

BANGALORE, INDIA--(Marketwire - July 10, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Reliance Industries USA, the U.S. subsidiary of the Indian conglomerate Reliance Industries Limited (BOM:500325) (Mumbai), plans to set up its first plant in the U.S. in Kinston, North Carolina. Reliance will invest $215 million setting up its manufacturing unit in Lenoir County to produce polyethylene terephthalate resin. Reliance will lease part of a DuPont (NYSE:DD) polyester-manufacturing facility that was operated by Unifi Kinston, a subsidiary of Unifi Incorporated (NYSE:UFI), that recently closed the facility, laying off 260 workers.

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