Unifi: Demand for recycled fibres will remain strong
Polymer and yarn specialist Unifi, the maker of Repreve recycled fibre, has reported sales of $178.9 million, an increase of 4.6% in the third quarter of fiscal 2021.
Revenues from Repreve represented about a third of sales.
CEO Eddie Ingle said, "Third quarter fiscal 2021 results reflected our team's ability to leverage effectively the strength of our global business model during the continued economic recovery.
“We have remained focused on positioning the business to take advantage of building economic momentum around the world as we return to a more normalised demand environment."
The company expects demand to remain strong this year and anticipates pressures from raw material fluctuations to be mostly offset by higher selling prices.
Mr Ingle added: “We remain confident that the momentum we have generated throughout the recovery will allow us to further improve our long-term profitability. We expect that continued strong results from each of our high-performing businesses, coupled with continued interest in our REPREVE-branded products, will fuel long-term growth."
The US group has transformed more than 25 billion plastic bottles into recycled fibre for new apparel, footwear, home goods and other consumer products.
