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September/October 2014 Sept/Oct 2014

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Events

30th IAF World Fashion Convention
09/29/2014 - 10/01/2014

FILTREX™ 2014
10/01/2014 - 10/02/2014

SYFA Fall Conference
10/02/2014 - 10/03/2014

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Textile News

TYAA Photo Flash Report

Eric Vonwiller, Senior Technical Editor


Outgoing President Charlie King (left), Unifi Inc., receives a recognition plaque for his 2000-2001 term from TYAA past president John Amirtharaj, Universal Fiber Systems LLC.
Charlie King (left), congratulates the new 2001-2002 TYAA President, Robert Howell, general manager, Dillon Yarn Corp.
TYAA members stayed busy and exchanged thoughts during the breaks in the conference room.  held its summer conference July 26-28 in Myrtle Beach, S.C. The general theme of this year's meeting was Strategy Beyond Survival. As the title suggests, the entire U.S. textile industry is presently going through some very trying times, and several papers covered this topic.Kay Norwood, senior vice president and textile analyst for Wachovia Securities, explained there is not much hope that the domestic textile industry will return to the level that was experienced just a few years ago. Norwood pointed out that the strong dollar value in comparison to other world currencies encourages imports even more and makes it difficult to export on a competitive price/performance level.Trade quotas presently in place with Asian countries will be eliminated in 2005, including quotas for China upon its entry into the World Trade Organization (WTO). Norwood advised that fiber, yarn and fabric manufacturers must interact through strong partnerships, find niche markets and manage their inventories efficiently.Alasdair Carmichael, associate consultant, PCI Group FibresandRaw Materials, Spartanburg, S.C., pointed out that not everything happening in the U.S. textile industry is negative. Aside from unfortunate plant closings and layoffs, he presented many positive elements.Deliveries of texturing spindles to the United States ranked second-highest in the world in 2000. U.S. exports of textured polyester exceed imports.Several overseas investments have been made in the U.S. textile manufacturing industry.Domestic investments continue to be made in the industry.Carmichael explained that factors such as the value of the U.S. dollar, U.S. consumer demand and fashion, as well as raw-material costs influence the import situation quite significantly. The biggest concern is that China has been gearing up with capacity increases and continues to install modern production equipment. Carmichael foresees another significant boost of apparel exports by China in 2005 due to its entry into the WTO. 
Kay Norwood, senior vice president,Wachovia Securities, talked about thepresent and upcoming challengesthat are facing the U.S. textile industry.
Alasdair Carmichael, associate consultant,PCI FibresandRaw Materials, talked about thepositive aspects of the U.S. textile industry. October 2001



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