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   Chamber Events

March 18, 2010
Better Your Business Seminar
11:30 PM; Create Raving Fans with Your Customer Service
Lunch Provided
Center for Business and Industry, Room 111, FTCC
Call to Register

March 23, 2010
Chamber Open House
4:30 PM; New Chamber Office
1019 Hay Street

March 24, 2010
Ribbon Cutting
10:00 AM; Play Date
232 Westwood Shopping Center, Fayetteville

March 25, 2010
Business After Hours
5:30 PM; Holiday Inn Bordeaux
1707 Owen Drive, Fayetteville

March 30, 2010
MAC Command Performance Breakfast
7:30 AM; Crown Hospitality Ballroom
1960 Coliseum Drive





Cancellation Policy
Registrant must cancel 48 hours prior to event in order to receive refund or credit to account
.  Failure to cancel renders registrant responsible for payment.

 
   
DAK Americas and Shaw Industries join to build the Largest PET Recycling Operation in North America

Charlotte, NC April 30, 2009 — DAK Americas LLC and Shaw Industries Group, Inc.
announced today the creation of a new joint-venture company, Clear Path Recycling, LLC, to
produce Recycle PET (RPET) from post-consumer PET bottles. DAK, the second largest PET
Resin and largest Polyester Staple Fiber producer in the Americas and Shaw, the world's
largest carpet manufacturer and leading floor covering provider, will both utilize the RPET
material as a feed stock to enhance the value and sustainability of their offerings.


Clear Path Recycling, LLC plans to build a facility to recycle over 280 million pounds annually of
PET bottles, or about 5 billion bottles. The RPET material will primarily be used by DAK and
Shaw in their polyester based products. An estimated 25 percent of the total recycled material
produced will be sold through merchant sales. Construction of the first phase of the new facility
is expected to begin in mid 2009 and be operational by the 1st quarter of 2010.


“Clear Path Recycling, LLC is a major milestone in the sustainability initiatives of DAK Americas
and reinforces our commitment to protect the environment for future generations,” said Hector
Camberos, President and C.E.O. of DAK Americas. “The JV allows DAK to deliver on the
growing requirements of both its PET Resin and Polyester Staple Fiber customer base for
products with recycled content.”


“This joint venture investment represents an important strategic benefit to Shaw’s PET filament
product lines,” says Vance Bell, chief executive officer of Shaw. “The recycled content
manufactured in this facility, combined with Shaw’s patent-pending BCF manufacturing process,
will allow us to significantly enhance and expand our innovative Clear Touch BCF family of
products.


The joint venture will reduce the use of landfills and improve internal process economics for
DAK and Shaw. By recycling 280 million pounds of PET bottles, over 1 million cubic yards per
year of landfill space will be conserved. The energy savings related to the Clear Path
Recycling, LLC operation will save approximately 2.5 trillion BTUs of energy annually, which is
equal to the amount of primary energy necessary to power 18,000 U.S. homes per year,
according to Energy Information Administration data.


Clear Path Recycling will construct its new facility in Fayetteville, NC at the DAK Americas’
Cedar Creek Site. DAK currently operates a PET resin manufacturing facility on-site and has
significant infrastructure in place that the new JV will utilize. Approximately 100 new jobs will be
created at the facility at the completion of both phases.


The venture has worked with the NC Department of Commerce and Cumberland County to
bring this opportunity to North Carolina and Fayetteville. State 3J Job and Investment Credits,
Recycling Incentives, and Local Incentives were significant factors in the site selection.





 
 
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