Innofa Plans Expansion

Reidsville, N.C.-based Innofa USA, a
subsidiary of The Netherlands-based knitted fabrics manufacturer Innofa BV, is in the process of
acquiring a new facility that will allow it to expand its operation.

Innofa USA, established in 2003 to produce knitted mattress ticking for the US market,
currently employs 28 people. According to General Manager Wieger Hulst, the planned expansion will
bring currently outsourced dyeing and finishing functions in-house, and will add 70 to 75 workers
to the company’s payroll over the next three to four years. Hulst said the company also ultimately
may add knitting capacity at the new facility.

May/June 2006