Unifi shelves plans for Guatemala joint venture
19/07/2018
In July 2017, it signed a letter of intent with Complast, which owns and operates a bottle processing facility and produces flake and chip under the EuroPET brand name, and TTA, which produces polyester POY and textured yarn under the EuroFIL brand name.
Following the announcement that this joint venture will now not be launched, Tom Caudle, Unifi’s president and chief operating officer, said: "Our commitment to the Central American region remains unchanged and we continue to see growth opportunities for Repreve and our branded portfolio both in the region and across the globe. We will continue to seek future strategic growth opportunities across the Americas that leverage our assets and deliver shareholder value."
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