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
