TITLE

Unifi $4.6 million quarterly loss

AUTHOR(S)
Hogsett, Don
PUB. DATE
October 2003
SOURCE
Home Textiles Today;10/27/2003, Vol. 25 Issue 9, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Polyester yarn producer Unifi Inc. has recorded a first quarter loss of $4.3 million in 2003. The firm's total sales dropped off by 18.5% to $180.5 million from $221.5 million in 2002. The company announced that increase in imported fabric and apparel, and the overall softness in the domestic textile and apparel industries, contributed to the weakening sales. While average gross margin was slashed by 460 basis points, operating costs increased by 130 basis points. The company has announced an ongoing strategic focus on maximizing free cash left with no funded bank debt by the end of the quarter. Company chief executive officer Brian Parke has announced that the firm will participate in growth opportunities in Asia with its sales office in Hong Kong and operations in Thailand.
ACCESSION #
11254934

 

Related Articles

  • Higher fiber exports.  // Chemical Fibers International;Oct2003, Vol. 53 Issue 5, p317 

    In 2002 Indonesian exports of filament yarns increased by 7% to 310,000 tons and exports of staple fibers increased by 74% to 169,000 tons. Indonesia's polyester capacity is showing no increase and has started to decrease for polyester staple fiber. The polyester staple fiber production capacity...

  • Textured yarn exports.  // Chemical Fibers International;Apr2005, Vol. 55 Issue 2, p87 

    Reports on the increase in the direct exports of textured polyester yarns in Taiwan, in the first nine months of 2004.

  • Wellman Shuffles Fibers Operations.  // Chemical Market Reporter;1/21/2002, Vol. 261 Issue 3, p21 

    Reveals the plans of Wellman Inc. to refocus the strategy of its polyester fibers business toward more value-added products. Scope of the plans; Comments from Tom Duff, chief executive officer of Wellman; Projected loss of Wellman for the fourth quarter of 2001.

  • Doubly daunting. Viswanathan, Prema; Tan, Clara; Koh, Quintella // Asian Chemical News;4/4/2005, Vol. 11 Issue 485, p22 

    Presents an outlook on the polyester staple fiber (PSF) and polyester filament yarn (PFY) industry in China for 2005. Increase in mill consumption of PSF; Statistical value of PSF and PFY exports; Decrease in fabric transactions in Shaoxing Textile City in April; Problems associated with...

  • High-tenacity polyester yarns: international trade.  // Technical Textiles / Technische Textilen;Mar2003, Vol. 46 Issue 1, pE6 

    This article presents an analysis of worldwide trade of high-tenacity polyester filament yarns for technical end-uses between the years 1996 and 2002 in tons and the price level during this year. The data are based on the import and export statistics of 30 countries. About 268,400 tons were...

  • Low raw material costs bring cheer to polyester yarn makers.  // Man-Made Textiles in India;Jun2013, Vol. 41 Issue 6, p216 

    The article discusses the impact of lower raw materials prices for paraxylene (PX), purified terephthalic acid (PTA) and mono ethylene glycol (MEG) on polyester yarn manufacturers.

  • MoT expects 10% prodn. increase in polyester.  // Colourage;Jun2008, Vol. 55 Issue 6, p133 

    The article reports that the production of Polypropylene Filament Yarn and Polyester Filament Yarn is expected to increase by about 10 percent during 2007-2008. According to the Ministry of Textiles, the production of man-made fibre shows an increasing trend. It is cited that the production of...

  • Higher chemical fiber capacity.  // Chemical Fibers International;Apr2005, Vol. 55 Issue 2, p85 

    Reports on the increase in the production of polyester staple fibers and polyester filament yarns in India in 2004.

  • Moldosin SA.  // SeeNews Research & Profiles (Company Profiles);2012, p4613 

    A profile of Moldosin SA, also known as Moldosin JSC and SC Moldosin SA, is presented. The company is based in Romania and produces polyester yarn. Information on Moldosin's ownership, products and services, capacity, markets and sales, primary industry, status and corporate history is also...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics