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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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to industrialmanufacturing@industrialinfo.com or visit us online at www.industrialinfo.com.

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