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10/28/2014 - 10/30/2014

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10/28/2014 - 10/29/2014

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Textile News

Creora Spandex Opens Office In Charlotte
June 1, 2001

Worldtex Files Restructuring Plan
May 1, 2001

Texquote Launched For Sourcing Products
May 1, 2001

Milliken Stages Earth Run 2001
May 1, 2001

Repositioning For Efficiency
May 1, 2001

Mr Hayes Goes To Washington
Jim Phillips
May 1, 2001

Valdese Weaves ERP Success Story
May 1, 2001

Assets Of Unifi Technical Fabrics To Be Acquired By Avgol Nonwovens
GREENSBORO, N.C. -- Unifi, Inc. (NYSE: UFI) announced that it has reached an agreement in principle to sell the assets ofits wholly owned subsidiary Unifi Technical Fabrics, LLC, to Avgol NonwovensIndustries of Holon, Israel. The agreement, which includes Avgol taking possession of Unifi TechnicalFabrics' (UTF) 125-acre site in Mocksville, N.C., is part of Unifi's ongoingeffort to focus more closely on its core business as a global leader in theproduction of synthetic fiber and yarns. "While we appreciate the long term growth potential of the nonwovensbusiness, the next phase of the UTF growth plan called for significantadditional capital investment," said Billy Moore, chief financial officer ofUnifi. "We felt that at present, our company and shareholders would best beserved by focusing our capital resources on our core businesses and using theproceeds from this sale to reduce debt." "This is a &#
May 1, 2001

Factoring On-line And Off
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May 1, 2001

Rieter To Acquire Textile Machinery Activities Of Suessen
May 1, 2001