Flexico Aims For Early 2002 Narrow Elastic Production

Flexico Inc., Mexico, a joint venture between The Moore Co., Westerly, R.I., and Grupo Industrial
Zaga, Mexico, is preparing for production of its narrow elastic fabrics beginning in early 2002.We
signed our agreement only one year ago, and Im pleased to say that progress at our new
manufacturing facility is on target. Well be shipping product to intimate apparel and orthopedic
soft-goods customers in just a few months, said Goran Elovsson, president, Flexicos U.S. Division
and executive vice president, George C. Moore Co., Moores narrow elastics division, Greensboro,
N.C.The 50/50 partnership initially increases George C. Moores capacity by 40 percent and expands
overall product lines, including the new Goflex®, an embossed knit product for use in intimate

December 2001