Textured yarns maker Unifi to develop Nylon business efficiency
30 Sep '05
3 min read
They are also reviewing our product mix similar to our efforts last year in the polyester division and are considering other actions to improve the Nylon business. Unifi is committed to improving the health of the Nylon business and is taking these steps to improve its operations and increase its profitability.
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.
North Carolina based Unifi Inc is a diversified producer and processor of multi- filament polyester and nylon textured yarns and related raw materials. The Company adds value 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.
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