On the Cover:
Reputation, performance, product expansion and a new licensing agreement keep DuPont's Kevlar at the forefront of synthetic fibers.
U S Textile Industry Third Quarter TradeandEconomic Report
Imports and Exports Hit Record Heights While Economy Coo
Springs Industries Consolidates Production
FORT MILL, S.C., Dec. 6 /PRNewswire/ -- Springs Industries, Inc. (NYSE: SMI) announced today it would eliminatesome production at its Katherine and Elliott plants in Chester County, SC, inFebruary 2001, affecting approximately 320 people. "While we regret having to make the difficult decision to phase out thisproduction, we are going to work diligently to place every affected associateinto a job at other Springs facilities in the area," said William K. Easley,senior vice president of Springs and president of textile manufacturing. "Bycontinuing to invest in modern technology and replace or eliminate more costlymanufacturing, we are able to produce more yarn and fabric at fewer facilitiesand keep our domestic facilities competitive in this very demanding industry." Outdated yarn spinning will be eliminated at the Katherine and Elliottplants. In addition, some narrow looms, which are not compatible with newerfabrication eq
Business & Financial
Economic Expansion Still On Track
Jobless rate lowest in three decades; inflation remains under control
Quality Fabric Of The Month
Sensura feels like the finest long-staple cotton, while offering the performance expected from the newest techno fabrics.