Textile Industry Year-End Report

February 2000
Textile Chemist & Colorist & American Dyestuff Reporter;Feb2000, Vol. 32 Issue 2, p4
Academic Journal
The article discusses the conditions of the textile industry in the United States. American Textile Manufacturers Institute (ATMI) president Doug Ellis reveals that the textile activity continues to weaken. Textile mill shipments fell in 1999 for the second consecutive years and the overall prices of imported Asian fabrics and yarns continued to fall. Moreover, textile corporate sales also weakened and were off 4 percent to $61.5 billion. Corporate textile profits were also decreased by 60 percent due to higher expense and operating costs.


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