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«April 2001     Issues     June 2001»
Cover Image

May 2001

On the Cover:
Valdese Weavers Executives (left to right): Carson Copeland, senior vice president, manufacturing; Michael Shelton, president and CEO; Snyder Garrison, senior vice president, administration; Janet Kuck, vice president, information technology.



Textile News

Worldtex Files Restructuring Plan

Texquote Launched For Sourcing Products

Milliken Stages Earth Run 2001

Repositioning For Efficiency

Mr Hayes Goes To Washington

Valdese Weaves ERP Success Story

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 &#

Factoring On-line And Off
>

Rieter To Acquire Textile Machinery Activities Of Suessen

Spartan International Closes Mills
Spartanburg, S.C.-based Spartan International closed suddenly May 4, leaving 1,200 workers in six plants and the corporate offices without jobs.After defaults on financial agreements, assets of the company were seized by General Electric Corp., Fairfield, Conn. The management of the company made the decision to offer us peaceful possession of the assets, the collateral behind the loan, said John Oliver, spokesperson for General Electric, Stamford, Conn.Spartan had been a customer of General Electric since June 1999 but had trouble as early as December 1999, Oliver said.The six mills affected were the Spartanburg plant; the Rosemont plant, Jonesville, S.C.; the Jefferson plant, Jefferson, Ga.; the Cleveland-CaroKnits Lawndale plant, Lawndale, N.C.; the King Finishing plant, Statesboro, Ga.; and J.P. King Manufacturing, Augusta, Ga.Spartan President Barry Leonard said,

Brilliant Ideas

ATME-I 2001 Final Attendance Figures
GREENVILLE, SC (USA) The total attendance at the American Textile Machinery Exhibition-International 2001 (ATME-I 2001) was 15,046, including 3,669 booth personnel and 103 members of the media.From outside the United States, the exhibition attracted 1,240 visitors from 55 countries. The exhibition also attracted 10,034 U.S. visitors from 40 states and the District of Columbia and Puerto Rico.Number of visitors from each country present at ATME-I 2001Antigua 1 Argentina 24Australia 2Austria 3Bangladesh 34Belgium 3Bolivia 3 Brazil 54Canada 256

Pillowtex To Close Consolidate Some Operations
KANNAPOLIS, N.C.-- Citing the continuing decline inmarket conditions and as part of its restructuring under Chapter 11bankruptcy, Pillowtex Corporation (OTC: Bulletin Board: PTEXQ) announced todaythat it will close a sheet manufacturing plant in Kannapolis and a towel yarnmanufacturing operation in Columbus, Ga. In addition, the Company plans toscale back towel production in Kannapolis. The restructuring eliminates the jobs of approximately 590 employees inKannapolis and approximately 190 employees in Columbus. The Company begannotifying affected employees on Tuesday. "We regret that economic conditions beyond our immediate control haveforced the difficult decision to close or scale back these operations and aresensitive to the personal impact it will have on our employees, their familiesand the surrounding communities," said Bob Haase, Pillowtex's executivedirector for operations. "However, we must ensure the future viabilit

Full Steam Ahead

Growing A Company

Thomaston Mills Moves Sales Marketing

Moirushes Product Development

Slitting Of Nonwovens

Cone Mills Initiates Reinvention Plan
GREENSBORO, N.C.-- Cone Mills Corporation (NYSE: COE) today announced the initiation of its"Reinvention Plan." According to Chief Executive Officer, John L. Bakane,"The Reinvention Plan is a new way of operating the company and is aimed at avery disciplined focus of human and capital resources on core businesses thatare defensible in this hemisphere long term. It is the continuation of theprocess we began in 1999, which improved operating margins and restoredprofitability during second and third quarters of last year. We are now ableto affect this major step because of the cultural changes adopted throughoutthe organization during the past two years. Our expectations are to restoreCone Mills to financial health, establish a foundation for long-term successand implement our plan to expand denim manufacturing in Mexico." The company's Reinvention Plan consists of four initiatives: (1) workforcereductions; (2) market based pay and bene



Business & Financial

Federal Reserve Cuts Interest Rate By Another Half Point



Yarn Market

Surprises In The Marketplace



Quality Fabric Of The Month

Performance Lite



Fiber World

Radici Spandex Completes Acquistion

Foss Manufacturing Develops FossFiber With AgION

Spandex Revisited

BASF Launches Textile Products Website

Inventa-Fischer Secures Order

Honeywell Performance Fibers Expands Spectra Manufacturing

Zimmer To Build Polyester Plant In India

New Development In Filament Manufacturing

Eastman Boosts Capacity At Optical Brightener Plant

DuPont Dedicates Plant For New Sonora 3GT Polymer



Dyeing Printing & Finishing

Triumph International Chooses Colorite From Datacolor

Meridian Industries Acquires Astro Dye Works

New Products From Virkler

C A Litzler Acquires Thermovation Engineering

Omnova Introduces PolyFox Flurochemicals

Gematex Vollenweider Join Forces



Knitting / Apparel

Record Number Of Exhibitors Attend Interstoff Asia

Solaractive Threads Change Color In Sunlight

Jerzees Consolidates Distribution Reopens Facility

Hemptex Introduces New Fiber Blends

A First Look At Fabrics For 2002



New Products

Worldwide Winder Co Introduces Selvage Spool Winder

Federal Signal Launches Unistat LED Status Indicator

Exair39 S Quiet Cabinet Cooler Protects Electrical Enclosures

Rimtec Introduces Couplings With Taper Lock Design

Taber Instrument Performs Contoured Surface Testing



People

May 2001