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Glenoit Fabrics Looks Ahead

Glenoit Fabrics Looks AheadNew York City-based Glenoit Fabrics (H.G.) Corp., formerly the sliver knit pile fabric division of Glenoit Corp., is forming new supplier relationships, as well as strategies to increase its global market share for pile fabrics.The company is now the North American division of the China-based Haixin Group International Ltd., also a manufacturer of pile fabrics. Haixin purchased the division from Glenoit Corp. earlier this year.Glenoit is working with suppliers of acrylic and modacrylic fiber and raw materials including Germany-based Dralon and Japan-based Mitsubishi, Kaneka and Mitsui to develop new fibers for Glenoit to use in its fabrics.The company also is looking into new markets. Glenoit and Haixin pile fabrics currently comprise approximately 25 percent of global production of these fabrics.Our manufacturing flexibility allows us and our customers a range of economic, geographic and logistical advantages, said Larry Levine, president and COO, Glenoit Fabrics. The company can supply fabric from its U.S. and Canadian mills and from Haixins mills in China, as well as provide complete manufacturing services as needed. October 2002