Home    Resource Store    Past Issues    Buyers' Guide    Career Center    Subscriptions    Advertising    E-Newsletter    Contact

Textile World Photo Galleries
January/February 2015 January/February 2015

View Issue  |

Subscribe Now  |

Events

OUTLOOK™ Plus Latin America 2015
03/03/2015 - 03/05/2015
01/07/2014 - 01/07/2014

Cairo Fashion - 55th International Fashion, Apparel & Textile Exhibition
03/05/2015 - 03/08/2015

Intermediate Nonwovens Training
03/09/2015 - 03/12/2015

- more events -

- submit your event -

Printer Friendly
Full Site
Dyeing Printing & Finishing

New Bank Agreement For Duro Industries

Duro Industries, Fall River, Mass., has negotiated new bank terms that significantly reduce the companys outstanding debt. The new agreement is for a three-year term and was reached between Duros owners and a consortium of seven banks. The agreement reduces Duros debt from approximately $86 million to $46 million. As a result, the banks will hold a majority stake in the equity of the company.Andraus, president, said that the new agreement, combined with some new contracts which Duro has won over the last few months, means stable employment levels at Duro for the near future.


February 2001




Advertisement