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Unifi To Assume Control Of Air-Jet Texturing Operations

Unifi Inc., Greensboro, N.C., has reached an agreement with Glen Raven Inc., Glen Raven, N.C., under which Unifi will assume operating control of Glen Ravens air-jet texturing operations based in Altamahaw, N.C.The agreement increases Unifis air-jet texturing volume from 2 million to 15 million pounds per year and signals Glen Ravens exit from air-jet textured polyester and nylon yarn manufacturing.The added manufacturing capacity will allow Unifi to produce a more complete range of regular and solution-dyed air-jet textured yarns. Unifi will target opportunities in flatwoven automotive, contract and industrial upholstery, as well as high-end branded knit and woven apparel markets. The deal also provides Unifi an entryway into the growing polypropylene segment.Its consistent with our desire to leverage core manufacturing expertise, it enables us to diversify our fiber range and end-use markets, and it provides immediate access to a broader mix of high-value products were very excited, said Alf Webster, president, Unifis North American operations.Glen Raven will continue to market and sell a broad range of spun and package-dyed yarns, including filament.Unifis premium position as the worlds leading yarn texturer best enhances the opportunity for this business to reach its full potential, said Bill Bardin, president, Glen Raven Yarn Co. LLC. We will focus our investments on the development and production of differentiated yarns and fabrics and the building of successful brands. July 2001