Asheboro Elastics Receives Export Achievement Award

Asheboro Elastics ReceivesExport Achievement AwardAsheboro, N.C.-based Asheboro Elastics Corp.
(AEC) recently received an Export Achievement Award from the US Department of Commerce (DOC). The
award, which recognizes successful export initiatives of small to medium-sized companies, was
presented to AEC employees by James C. Leonard III, deputy assistant secretary for textiles,
apparel and consumer goods, DOC, during a special awards luncheon.AEC manufactures narrow elastic
fabrics at its three plants in Asheboro and exports more than 30 percent of its product to about 20
countries. Most of its exports go to Mexico, Central America and the Caribbean Basin, where it
maintains nine distribution centers and supplies factories run by US companies, said Keith Crisco,
president, AEC.Our strategy has been to capitalize on our domestic strengths, and also to be ready
for possible expansion and to understand the apparel industry in each of those countries, said
Crisco.On behalf of the US Department of Commerce, we appreciate the constant efforts of Asheboro
Elastics to be a global player for the textile industry, said John Schmonsees, international trade
representative with the DOC. Asheboro Elastics sets a forward example to all domestic companies of
how to market your product overseas.
October 2003