Week of June 4, 2001
Site faces foreclosure
By Devin Steele
GREENVILLE, SC The Palmetto Expo Center, longtime home of the American Textile Machinery Exhibition-International (ATME-I) shows, may be padlocked by the end of the month if a bank note isnt paid.
Textile Hall Corporation, parent company of the Expo Center, is nearing its debt ceiling on a revolving line of credit with Bank of America Corp., according to The Greenville News. Butler B. Mullins, president of the center, told the paper that under current circumstances we are not able to pay off the $9.5 million debt by the banks June 29 deadline and that the bank may foreclose on the facility.
The situation exacerbates a crisis already facing the ATME-I shows, which may be consolidated into one event during its next run in three or four years. Some organizers have said that the Expo Center, in its current form, cant accommodate a combined show and they are seeking alternative cities and venues.
HILTON HEAD, NC The 93rd annual meeting of the Southern Textile Association (STA) will take place Wednesday through Saturday at the Marriott Beach & Golf Resort here.
Among business-session highlights Thursday will be a presentation by Daniel Burrus, one of the worlds leading technology forecasters. He is founder, president and CEO of Burrus Research Associates, Inc.
Chuck Hayes, chairman of Guilford Mills and president of the American Textile Manufacturers Institute (ATMI), also is scheduled to address the group that morning.
Friday, Michael Anthony Janke and impressionist Steve Bridges will speak. Janke will talk about self-discipline, peak performance and becoming super human.
Dan Nation, STA president, was in charge of planning the meeting.
I put a lot of thought into the meeting and I wanted to be very specific and, with the speakers were having, address the challenges we face today, he said. At the same time, I want it to be entertaining, so weve put together a good, balanced program.
In the news ...
Week of June 4, 2001
ATMA honors retiring member
GREENVILLE, SC The American Textile Machinery Association (ATMA) honored longtime member Hans Freytag during its Region 3 meeting last month at the Poinsett Club here.
Freytag, executive vice president of Tex-Tube Corp., Greer, SC, has served the organization for many years in such capacities as a board of directors member and a committee member. He, along with Jim Scott, helped found ATMAs Region 3 meetings nearly a decade ago.
After a 35-year career with Tex-Tube, Freytag has announced his intentions to retire sometime this summer.
When you honor someone, it is especially rewarding to know him personally and to be an associate of his, ATMA member Butch Moss, sales manager of Tex-Tube who has worked with Freytag for 27 years, said in recognizing him.
WestPoint inks Mary-Kate and Ashley deal
WEST POINT, GA Dualstar Consumer Products, the consumer products division of twin stars Mary-Kate and Ashleys Dualstar Entertainment Group, and WestPoint Stevens last week announced an agreement for production of sheets, towels, bedding and bath accessories, blankets and throws and shower curtains to be sold at select Wal-Mart stores nationwide.
The product will be introduced in stores in August for the 2001 back-to-school season.
The Mary-Kate and Ashley brand fashion and lifestyle program at Wal-Mart was launched in January with a full line of apparel and accessories and has seen explosive early success and exponential growth, according to WestPoint.
The Dixie Group sells dyeing facility in GA
CHATTANOOGA, TN The Dixie Group, Inc. has completed the sale of Colormaster, a small dyeing facility located in Calhoun, GA, to Product Concepts Residential, LLC.
Although details of the sale were not disclosed, Dixie said the transaction was in line with the companys expectation of value.
The sale of these assets is a part of our strategy to consolidate our North Georgia operations, reduce debt and improve our balance sheet, said Daniel K. Frierson, Dixies chairman and CEO. The transaction is not expected to affect employment level at the dyeing facility. Product Concepts will continue its relationship with us as a supplier of external dyeing requirements.
Erhardt + Leimer signs agreement with Soter
SPARTANBURG, SC Erhardt + Leimer, Inc., a manufacturer of web control systems, has signed an agreement with Soter, for exclusive rights to market and sell Soters thickness measurement equipment in North America.
Soter manufactures on-line measuring and quality control equipment.
Lawson-Hemphill publishes brochures
SPARTANBURG, SC Lawson-Hemphill has published two new brochures covering its patented textured yarn tester, the TYT-EW, and Lawson-Hemphills diverse range of instrumentation for testing elastomeric yarns and materials.
According to the company, the improved TYT-EW enables complete and accurate data communication with increased capabilities and improved automation, including: Windows NT software, sample bar-coding, component optimization, set-up security protection and system computer integration capability. These features offer reduced labor, maintenance and production costs; decreased customer complaints; and improved high-quality yields for users worldwide, Lawson-Hemphill added.