WASHINGTON, D.C. — ATMI President Charles A. Hayes, Guilford Mills, Inc., expressed the textile
industry’s appreciation to the governors of Alabama, Georgia, North Carolina and South Carolina for
their letter to President George W. Bush urging the Administration to take immediate action to
alleviate the crisis facing the U.S. textile industry. “The governors of our country’s four largest
textile producing states have recognized the clear threat the current textile crisis poses not only
to their own states and constituencies, but to our nation’s economy as a whole,” Hayes said. “We
appreciate their call for President Bush to similarly recognize the urgency of this situation and
to make maximum use of his powers under existing law to confront the problems caused by foreign
unfair trade practices.” “As the governors have noted, President Bush has shown a commendable
willingness to take actions to provide a level playing field for the steel industry. It is now time
for him to similarly step up to the plate on behalf of the American textile industry, which if
anything is facing even more difficult times. Asian currency devaluations have produced a 40
percent average reduction in the cost of textile and apparel imports into the United States. U.S.
companies and workers are being devastated by this contrived advantage that has nothing to do with
Asia’s economic competitiveness.” Hayes said, “The hard-working textile employees in Alabama,
Georgia, North Carolina and South Carolina, as well as throughout the country, are looking to the
President and his Administration to show this same concern for U.S. textile jobs. Our industry
contributes over $70 billion to the national economy, and employs nearly one-half million people.
These individuals need their President to go to bat for them.” “We join the governors of these
states in urging President Bush to make immediate use of all the weapons in his arsenal to fight
unfair trade practices and to prohibit the importation of goods made with child labor. We further
support the governors’ call for the president to instruct his negotiators not to negotiate any new
trade pacts that will lead to more job losses in the U.S. textile industry.”
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view pdf file of letter

Unifi Inc., Greensboro, N.C., has reached an agreement with Glen Raven Inc., Glen Raven, N.C.,
under which Unifi will assume operating control of Glen Ravens air-jet texturing operations based
in Altamahaw, N.C.The agreement increases Unifis air-jet texturing volume from 2 million to 15
million pounds per year and signals Glen Ravens exit from air-jet textured polyester and nylon yarn
manufacturing.The added manufacturing capacity will allow Unifi to produce a more complete range of
regular and solution-dyed air-jet textured yarns. Unifi will target opportunities in flatwoven
automotive, contract and industrial upholstery, as well as high-end branded knit and woven apparel
markets. The deal also provides Unifi an entryway into the growing polypropylene segment.Its
consistent with our desire to leverage core manufacturing expertise, it enables us to diversify our
fiber range and end-use markets, and it provides immediate access to a broader mix of high-value
products were very excited, said Alf Webster, president, Unifis North American operations.Glen
Raven will continue to market and sell a broad range of spun and package-dyed yarns, including
filament.Unifis premium position as the worlds leading yarn texturer best enhances the opportunity
for this business to reach its full potential, said Bill Bardin, president, Glen Raven Yarn Co.
LLC. We will focus our investments on the development and production of differentiated yarns and
fabrics and the building of successful brands.
July 2001

COLUMBIA, S.C., June 22 /PRNewswire/ — CMI Industries, Inc. announced today that the Company and
the creditors which filed an involuntary bankrupt cypetition against the Company on May 3, 2001,
have filed a joint motion to dismiss the bankruptcy petition. The parties have agreed to use their
best efforts to obtain the entry of a final order granting such relief on or before July 20. In
conjunction with the joint dismissal motion, the parties have also agreed to an interim order
outlining the terms and conditions for the parties to continue working together to develop a
cooperative approach to restructure the Company’s debt structure outside of bankruptcy. Said Joseph
L. Gorga, President of the Company, “The Company continues to express its appreciation to all of
its customers, vendors and associates fortheir continued support over the last few weeks. The
Company, its petitioning bondholders and non-petitioning bondholders are committed to restructure
the Company’s capital structure outside of bankruptcy in a cooperative and time efficient manner. I
believe the framework for achieving this goal is now in place. We continue to have access to
significant borrowing capacity under our secured credit facility with Fleet Capital. The Company
expects to continue operating in the ordinary course and today’s announcement will enable the
Company to aggressively move forward with its strategic initiatives to growits Elastics Division.”
Said Daniel J. Arbess of Triton Partners (Restructuring) which i was assisting the petitioning
creditors, “The agreement creates the basis for an orderly restructuring of CMI’s capital structure
for the benefit of the creditors and other relevant stakeholders. We are now looking forward to
moving ahead to achieve an acceptable restructuring as quickly as possible and without disruption
of the Company’s commercial operations.” CMI Industries, Inc., and its subsidiaries manufacture
textile products that serve a variety of markets, including the home furnishings, wovenapparel,
elasticized knit apparel and industrial/medical markets.Headquartered in Columbia, South Carolina,
the Company operates manufacturing facilities in Clarkesville, Georgia; Clinton, South Carolina;
Greensboro,North Carolina; and Stuart, Virginia. The Company had net sales from continuing
operations of $194.7 million in 2000. This press release contains statements that are
forward-looking statements within the meaning of applicable federal securities laws and are based
upon the Company’s current expectations and assumptions, which are subject to a number of risks and
uncertainties that could cause actual results to differ materially from those anticipated. Such
risks and uncertainties include,among other things, global economic activity, the success of the
Company’soverall business strategy, the Company’s relationships with its principal customers and
suppliers, the demand for textile products, the cost and availability of raw materials and labor,
the level of the Company’s indebtedness and the exposure to interest rate fluctuations,
governmental legislation and regulatory changes, and the long-term implications of regional trade
blocs and the effect of quota phase-out and lowering of tariffs under the WTO trade regime,
restrictions on the Company’s business and operations imposed by the Company’s lenders and the
court processes, and the Company’sability to operate under current industry conditions.SOURCE CMI
Industries, Inc.Copyright 2001 PR Newswire

SPARTANBURG, S.C., May 31 /PR Newswire/ — Synalloy Corporation (Nasdaq: SYNC), a producer of
specialty chemicals,dyes and pigments, stainless steel pipe, vessels and process
equipment,announces that is has signed an agreement to acquire the business and certain assets of
Global Chemical Solutions, Inc. Global, which is located in Dalton,Georgia, supplies dyes and
chemicals to carpet and rug manufacturers primarily in the Dalton area. The acquired business will
relocate to a facility in Dalton that will have warehousing, laboratory, dry blending, sales and
administrative functions. Manufacturing will be performed at Manufacturers Chemical, L.P., in
Cleveland, Tennessee, a subsidiary of the Company. This arrangement will position Global to provide
its customers with more extensive manufacturing capabilities and products while maintaining its
loca lwarehousing and technical services. The acquisition is expected to close inmid July. For more
information about Synalloy Corporation, please visit our web siteat http://www.synalloy.com.SOURCE
Synalloy Corporation Copyright 2001 PR Newswire