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Unifi hit by raw material costs but confident for year ahead

23/07/2015
US yarn manufacturer Unifi has reported flat revenues for fiscal 2015 compared with the year before after it lowered prices due to lower raw material costs.

However, sales volumes were higher and income rose to $42.2 million from $28.8 million. Revenues reached $687.1 million

CEO Roger Berrier said: "Increased demand for our premier value-added yarns, strong operating results from our international businesses, and higher earnings from our equity affiliates helped drive our strong performance.

"We expect that our domestic business will begin to see in fiscal year 2016 the benefits of the strategic capital projects that were completed in the 2015 fiscal year, including the addition of texturing machines to support the growth in demand for synthetic yarns from the CAFTA region, as well as the expansion of our air jet texturing capacity. 

“We also expect to start seeing the benefits of the recently announced expansions of our Repreve Recycling Centre and the backward integration into bottle processing as we enter into our 2017 fiscal year."

Related stories:

Unifi recognised by World Textile Awards 08/02/2017
Unifi profit dips in second quarter 27/01/2017
New Unifi director to ‘plot growth’ 09/02/2016
Synthetic apparel increases in South America help to offset currency issues for Unifi 27/01/2016
Unifi launches promotional tour for Repreve recycled fibre 08/12/2015
Unifi sees opportunities in Central America 26/10/2015
‘Say hello to customisable production’: Adidas embarks on EC-funded recycling project 28/09/2015
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
Growth plans for Unifi include investing upstream 24/10/2014
NFL team picks Unifi’s Repreve as sustainability partner 12/08/2014
Unifi plans big push for Repreve recycled yarns 01/08/2014
Unifi targets fresh markets with Drawtech purchase 10/12/2013
Unifi appoints CFO and VP 30/10/2013

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