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

http://bit.ly/QryKcX
http://www.itmaasia.com
http://www.spgprints.com
http://www.allstatestextile.com
http://www.textileworld.com/Store/Books/index.html
http://www.textileworld.com/forms/newsletter.html
http://www.textileworld.com/Store/Books/diccionario-textil.html
http://www.textileworld.com/careers/index.html
March/April 2014 March/April 2014

View Issue  |

Subscribe Now  |

Events

Understanding The U.S. Government Lists Of Products Believed To Be Made With Forced Or Child Labor webinar
04/22/2014 - 04/22/2014

12th International Exhibition on Textile Industry (Indo Intertex 2014)
04/23/2014 - 04/26/2014

Smart Fabrics & Wearable Technology 2014
04/23/2014 - 04/25/2014

- more events -

- submit your event -

Printer Friendly
Full Site
Textile News

Dan River To Close Two Plants

Dan River ToClose Two PlantsDanville, Va.-based Dan River Inc. will close a home fashions weaving plant in Greenville and a comforter sewing plant in Fort Valley, Ga., in an effort to rationalize capacity in its Home Fashions Division. The closures will eliminate approximately 630 jobs and are expected to save approximately $9 million in annual expenses. The company cited lackluster sales and excess inventory at the retail level as contributors to its own sales declines in the first half of 2003. As product demand recovers to more normal levels, the company said it plans to transfer production capacity from the closed plants to Dan River facilities in Danville and Morven, N.C., as well as outsource more product.We expect the companys financial results in the second half of 2003 to be somewhat of a mirror image of the first half, said Joseph L. Lanier Jr., chairman and CEO. As the anticipated recovery in the economy occurs, we should experience a gradual improvement in our results over the last six months of the year. August 2003




Advertisement

http://www.staubli.us/