Unifi to move few machines for Nylon business development
30 Aug '05
3 min read
In keeping with Unifi's strategic plan to divest idle assets, the Company will put the Plant one building and its machines, along with a warehouse and its Central Distribution Center building, which are in close proximity, up for sale.
The sale of these buildings is intended to reduce costs associated with maintaining nonessential assets and to generate cash for future investment in the business unit and the Company. The Company is in the process of valuing these assets on a "held for sale" basis and cannot determine at this time if it will be required to recognize a non-cash impairment charge as a result of this move.
Unifi Inc is a producer & processor of multi - filament polyester and nylon textured yarns and related raw materials. It includes assessment to the supply chain and enhances consumer demand for its products through the development and introduction of branded yarns that provide unique performance, comfort and aesthetic advantages.
marketing@alchempro.com
