Unifi sees opportunities in Central America - sportstextiles: Lea SportsTextiles

News

Unifi sees opportunities in Central America

26/10/2015
US-based yarn-maker Unifi was hit by the devaluation of the Brazilian Real and pricing declines due to lower raw material costs it its first quarter, with revenues falling $162.2 million from $175.5 million in the same period last year.

However, it saw margin improvement in its subsidiary in China and an increase in volumes for its Polyester Segment.

Roger Berrier, COO, said:  "The company is supporting the growth of its premier value-added products with several capital investments, including the expansion of our existing Repreve Recycling Centre and the construction of a plastic bottle processing plant scheduled to start-up in May 2016. 

“We will also explore opportunities to meet increased demand in the NAFTA and CAFTA regions over the next 18 months. The region continues to grow at an average annual rate of 5% and presents opportunities for us to grow our texturing operations."

Unifi has operations in El Salvador, Brazil and Colombia, among others.

Related stories:

China’s ban on low-grade plastic imports leaves big questions over waste 03/01/2018
Colombian president promises help for textiles industry 02/08/2017
Unifi uses power of sport to educate public on recycling 17/02/2017
Unifi recognised by World Textile Awards 08/02/2017
Unifi profit dips in second quarter 27/01/2017
Sports sock brand to use recycled fibre from Unifi 03/10/2016
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
Colombia has become an important fashion centre, say Italy’s machinery makers 15/12/2015
Unifi launches promotional tour for Repreve recycled fibre 08/12/2015
Nike partners Rio to engage children in sport 16/11/2015
Special zone at Shanghai event for “new-generation functional fabrics” 05/10/2015
Shanghai fair to include new high-performance activewear fabrics zone 03/08/2015
Unifi hit by raw material costs but confident for year ahead 23/07/2015
TE issues call to action in ‘preferred materials’ report 16/07/2015
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
Unifi plans big push for Repreve recycled yarns 01/08/2014
Unifi appoints CFO and VP 30/10/2013
Unifi eyes 20% growth with increased production capacity 16/08/2013

Sportstextiles.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.