Growth plans for Unifi include investing upstrea - sportstextiles: Lea SportsTextiles

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Growth plans for Unifi include investing upstream

24/10/2014
For the first quarter ended September 28, US-based yarn manufacturer Unifi’s sales rose 3.3% to $174.2 million, which it attributes to improved volume in its nylon and international businesses.  

However, net income for the quarter fell from $8.9 million to  $7.1 million, which it blamed on a $2.5 million decrease in earnings from the company's equity affiliate, Parkdale America.

"We are very pleased with the growth for our textured polyester business within the CAFTA region and the continued strength of our REPREVE recycled fibre," said CEO Roger Berrier. "We will continue to drive awareness and demand for REPREVE through high visibility partnerships and consumer activations. Our marketing programs have attracted the attention of many brands and retailers, and have led to the development and adoption of new programmes featuring REPREVE and our other value-added products." 

The company plans to increase texturing capacity in the US and Central America next year “to better serve the growing demand for synthetic yarns in the CAFTA region”.

“Because of the continued success and expected growth of REPREVE, we will also continue exploring backward integration opportunities into bottle washing."

Related stories:

Unifi sees opportunities in Central America 26/10/2015
Unifi hit by raw material costs but confident for year ahead 23/07/2015
Higher volumes counter currency woes at Unifi 24/04/2015
The North Face deal propels Unifi expansion 10/04/2015
The North Face and Unifi’s recycled off-cuts boost production by 40% 28/01/2015
Repreve rewards sports fans for recycling efforts 08/12/2014
NFL team picks Unifi’s Repreve as sustainability partner 12/08/2014
Unifi plans big push for Repreve recycled yarns 01/08/2014
Brands push for global wool standard, says Textile Exchange 15/04/2014
Unifi targets fresh markets with Drawtech purchase 10/12/2013
Unifi appoints CFO and VP 30/10/2013

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