Propex Fabrics Inc net revenues rise 14.9% in Q1 2005
17 May '05
7 min read
Brazil segment income decreased from $1.5 million in the first quarter of 2004 to $0.8 million in the first quarter of 2005 reflecting higher fixed manufacturing costs partially offset by increased unit profitability from an improved product mix with a greater focus on higher margin products.
The Company has been engaged in the textile industry since 1884 and formerly operated under the name Amoco Fabrics and Fibers Company in the U.S. and by other names in international locations, also known as the BP Fabrics and Fibers Business, from 1968 until December 1, 2004, and since then as Propex Fabrics Inc.
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