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American FibersandYarns Looks Ahead

American FibersandYarns Looks AheadChapel Hill, N.C.-based American FibersandYarns Co. (AF and Y) reports it has met the targets set by its financers and exceeded its own goals, including achieving its year-to-date revenue and manufacturing goals. It also has expanded its customer base. Earlier this year, AF and Y reorganized its debt and received significant financing from its majority owner, Monitor Clipper Partners, Cambridge, Mass.The textile industry has been attempting to adapt to the ever-growing import market, said Mike Apperson, president and CEO. We at AF and Y believe we have an edge in our service, flexibility, yarn fiber technology development and enhanced color services over foreign markets. September 2002




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