Read article here... AKC Note: There had been some questions raised whether Gildan was going ahead with the Mocksville location as the 3rd new North Carolina spinning plant that they announced in 2013, but based on this article it appears the delay was caused by them needing additional space to build a larger plant than [...]
Read article here... AKC Note: Westex is headquartered in Chicago with their plant in Sylvania, GA. The company has achieved a strong level of expertise in the global Flame Resistant (FR) fabric industry. Applications are mainly in industrial end uses. Combining the Westex capabilities with Milliken's strong presence in Specialty Fabrics brings together two of [...]
Read article here... AKC Note: With companies from Canada, China, India plus one with a Mexican connection all announcing cotton spinning plant investments in the US in 2013, we can now report the first announcement in 2014 from an Indian company investing in a cotton spinning plant in Eden NC. Alasdair Carmichael Carmichael [...]
Read article here... AKC Note: Gutermann is a renowned German producer of sewing threads with a 150 year experience in the business and global manufacturing. This is a significant acquisition for A&E and sends a very strong signal to the industry of the strength and commitment under the new ownership of A&E by KPS Capital [...]
Read article here... AKC Note: There is no indication in the report of the motive for the sale, but with private equity ownership this is always likely to happen. It may be that the owners believe that the success that Sage has had with the continuing growth of North American automobile production puts them in [...]
Read article here... AKC Note: SASA is a long standing Turkish polyester producer based in Adana under the powerful Sabanci Group. They are the largest staple producer in Turkey and the 2nd largest textile filament producer. Indorama's growth in the last 5 years has been truly remarkable; the most recent major fibers acquisition was that [...]
Read article here... AKC Note: This is the last manufacturing plant that Fruit has in Kentucky and is believed to include bleaching and dyeing in its activities as well as knitting. It is reported the head office will remain in Bowling Green. Alasdair Carmichael Carmichael International PO Box 3444 Spartanburg, SC 29304 T: 864 [...]
The following announcement indicates an investment by Monterey Mills in its sliver knitting capacity. The headline writer got a little carried away indicating it was a $250 million investment instead of the actual $250,000 investment! However, in sliver knit, an investment of $250,000 is quite substantial. Read article here... AKC Note: This plant of [...]
Read article here... AKC Note: There has been a recent significant shift in automotive carpeting away from the traditional tufted nylon construction to a polyester needle punched nonwoven construction. Most of the lower priced vehicle new models are equipped with this type of carpeting - similar to European auto carpeting standards. The expansion is reported to [...]
Read article here... AKC Note: At the time of the announced sale by Performance Fibers of their Chinese operation to Indorama it was reported that Indorama retained the rights to the name Performance Fibers. It was announced yesterday that the purchase deal had been concluded http://www.indoramaventures.com/upload/set_announ/file_02042015093019.pdf so this name change announcement is assumed to [...]