DMC Group plans major financial restructuring programme
30 Jan '06
2 min read
With a financial structure which has been fundamentally strengthened and the actions carried out in 2005, the DMC Group will face the coming years under much better conditions.
Dollfus Mieg and Company (DMC) has woven its business through Europe and the rest of the world. It owns and operates two primary core activities: apparel sportswear fabrics (about 50 percent of sales) and craft supplies (such as wool and cotton threads used for needlepoint and embroidery).
Established in 1746 as a hand-printed fabric factory, DMC has production facilities in such countries as France, Germany, China, Singapore, and the US. While France and the US account for about 35 percent of DMC's sales, the company's products are sold worldwide.
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