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Pillowtex To Close Consolidate Some Operations
KANNAPOLIS, N.C.-- Citing the continuing decline inmarket conditions and as part of its restructuring under Chapter 11bankruptcy, Pillowtex Corporation (OTC: Bulletin Board: PTEXQ) announced todaythat it will close a sheet manufacturing plant in Kannapolis and a towel yarnmanufacturing operation in Columbus, Ga. In addition, the Company plans toscale back towel production in Kannapolis. The restructuring eliminates the jobs of approximately 590 employees inKannapolis and approximately 190 employees in Columbus. The Company begannotifying affected employees on Tuesday. "We regret that economic conditions beyond our immediate control haveforced the difficult decision to close or scale back these operations and aresensitive to the personal impact it will have on our employees, their familiesand the surrounding communities," said Bob Haase, Pillowtex's executivedirector for operations. "However, we must ensure the future viabilit
May 1, 2001

Full Steam Ahead
May 1, 2001

Growing A Company
Peggy Whales
May 1, 2001

Thomaston Mills Moves Sales Marketing
May 1, 2001

Moirushes Product Development
May 1, 2001

Cone Mills Initiates Reinvention Plan
GREENSBORO, N.C.-- Cone Mills Corporation (NYSE: COE) today announced the initiation of its"Reinvention Plan." According to Chief Executive Officer, John L. Bakane,"The Reinvention Plan is a new way of operating the company and is aimed at avery disciplined focus of human and capital resources on core businesses thatare defensible in this hemisphere long term. It is the continuation of theprocess we began in 1999, which improved operating margins and restoredprofitability during second and third quarters of last year. We are now ableto affect this major step because of the cultural changes adopted throughoutthe organization during the past two years. Our expectations are to restoreCone Mills to financial health, establish a foundation for long-term successand implement our plan to expand denim manufacturing in Mexico." The company's Reinvention Plan consists of four initiatives: (1) workforcereductions; (2) market based pay and bene
May 1, 2001

Slitting Of Nonwovens
May 1, 2001

The Blue Revolution
March 31, 2001

Radici Refocuses
March 31, 2001

Control Systems Prod Productivity
March 31, 2001