Bright Spot

Tatge, Mark
November 2005
Forbes Asia;11/28/2005, Vol. 1 Issue 8, p46
The article focuses on the plan of Wilbur L. Ross of International Textile Group (ITG), to build a global network, forming partnerships with suppliers, licensing technology and developing specialty markets abroad. Ross intends to merge the commodity business of unfinished cloth with the traditionally separate enterprise of producing finished goods through acquired denim maker Cone Denim. In 2005, ITG is estimated to earn $80 million pretax on revenue of $900 million. Streamlining the supply chain and producing higher-margin fabrics are some of the approaches being used by ITG to boost profits. INSET: Gold in the Rust Belt.


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