Reliance Industries USA Inc. — the US arm of India-based Reliance Industries Ltd. — has backed out
of its agreement with Unifi to purchase Unifi Kinston LLC, a polyester manufacturing facility
located near Kinston, N.C. As a result, Unifi retains the right to sell the Kinston facility assets
for up to two years.
Reliance had planned to invest $215 million in a manufacturing operation for production of
polyethylene terephthalate resin used to make specialty polyester yarns and plastic containers, and
employ 204 workers.
September 3, 2008