Crailar confident despite $8m Q4 loss - sportstextiles: Lea SportsTextiles

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Crailar confident despite $8m Q4 loss

16/04/2015
Specialist flax maker Crailar reported a loss of $8 million on sales of $1.9 million for the fourth quarter of 2014.

While Crailar flax offers benefits such as using less water in production than cotton, it has suffered production issues including plant stability and its CEO departed last November.

In an interview with WSA, its marketing manager Jay Nalbach said he was confident of a growth trajectory similar to man-made cellulosic fibres.

During the quarter, fibre output volume increased by 43% over Q3 2014. Drying capacity was doubled with installation and programming of a second dryer and a kier overhaul which increases loads per cycle.

Crailar said forecasted demand now exceeds plant capacity, with two customers scheduled for trials for the second quarter 2015. Adidas is among customers that showed support; its chief financial officer, Klaus Flock,joined Crailar’s board last June.

Related stories:

CELC celebrates anniversary with spotlight on flax pioneers 26/11/2015
Crailar sells Belgian plant to reduce overheads 04/09/2015
Crailar forms committee to weigh its financial options 03/06/2015
Farmers' cooperative deal could push Crailar into profitability 22/05/2015
Crailar’s CEO resigns after more technical hitches 17/11/2014
Air quality issues mire Crailar’s progress 13/08/2014
Adidas shows faith in Crailar with board seat 27/06/2014
Crailar counts cost of European expansion 19/05/2014
Adidas and Ikea support loss-making Crailar 31/03/2014
FabricLink names top textile innovations of 2013 20/03/2014
Crailar gains favourable customs ruling 10/02/2014
Crailar moves to acquire European dyeing facility 06/09/2013
Crailar joins sustainable apparel coalition 28/05/2013
Crailar chooses new chief financial officer 04/03/2013

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