Latest casualty: Thomaston Mills
Week of June 25, 2001
GA company files Chapter 11,
DuPont opens Technology Center
By Alfred Dockery
CHARLOTTE, NC DuPont last month officially opened its Artistri Technology Center (ATC) here.
The 12,000-square-foot center is the global demonstration center for the companys Artistri technology and the DuPont Ink Jet 3210 printer.
Kathleen Hall, director of sales and marketing for DuPont Ink Jet, cut the ribbon opening the facility and gave participants an overview of current technology and a glimpse of what the future may hold for digital textile printing.
Short-run (ink-jet) textile printing, we believe, is here, Hall said. Our belief is that ink-jet printing will become the preferred method of production printing of textiles. Our strategy is to develop the inks and software to enable digital production printing of textiles. That is what you will find in our Artistri brand.
Initial offerings are aimed squarely at the home furnishings market, using pigment inks developed for cotton and cotton blend fabrics. This is just the first step in DuPonts overall plans for digital textile ink jet printing.
The company plans to open additional technology centers worldwide as the digital printing business grows. It also plans to branch out into the apparel market next year.
Our second offering will be launched mid- to late-2002, Hall said. We will target the apparel market. The challenge there will be the diverse fabrics. Our aim will be production printing with a 1.8-meter printable width. We are going to initiate a project to develop textile fibers that are ink-jet receptive, more ink-jet ready and really combine the powers of both of these businesses (DuPont ink jet and DuPont fibers).
In the news ...
Week of June 25, 2001
Expo Center given support from city
GREENVILLE, SC Hopes of saving the Palmetto Exposition Center were boosted Wednesday when the Greenville City Council offered to give the fiscally troubled center another $200,000, under certain conditions.
The center is the longtime host of the American Textile Machinery Exhibition-International (ATME-I) trade shows, whose future is in limbo.
As the June 29 due date set by its major lender approaches, the Expo Center was given the money on the condition that an additional $600,000 come from government and private funds.
Earlier, the city had allocated $200,000 for the center, bringing to $400,000 its total contribution.
Textile Hall Corporation, parent company of the center, owes Bank of America $9.5 million, which has threatened to close the facility if the note isnt paid by June 29.
Earlier, upon hearing pleas from local merchants, the bank said that it would not foreclose on the facility until at least after the Hondas Gold Wing Road Riders motorcycle convention concludes on July 7.
Springs employee featured in ad campaign
By Devin Steele
FORT MILL, SC Springs Industries turned to one of its own to embody its new national print ad campaign and to help raise awareness of breast cancer.
Margaret Pearson, a breast cancer survivor and a weaver instructor at the Springs White Plant here, serves as the model in the companys i dream Springmaid brand campaign.
The company unveiled the ad and introduced Pearson publicly during a press conference at its headquarters here this month.
Were very proud to kick off this campaign here at home not on Wall Street, not on Madison Avenue, but right here, said Betty Turner, Springs vice president of public affairs. And were proud that we have local talent not national talent to do this. This is a cause that we all believe in dearly and its part of our heritage at Springs, to try to make an impact on the people in the communities where we do business and across the country.
Pearson was diagnosed with breast cancer in 1998 and underwent surgery, chemotherapy and radiation. She said she is now cancer-free. She was chosen among Springs employees to appear in the ad and to advocate the dream for a cure.
Industrys woes undermine U.S. cotton sector: Report
MEMPHIS A National Cotton Council of America analysis shows that the entire U.S. cotton infrastructure is being undermined because of the U.S. textile industrys economic crisis.
Dr. Mark Lange, an NCC economist who authored the report, said a surge in imported cotton products to the U.S. has decimated U.S. textile mills.
The U.S. textile industry is vanishing from our economic landscape, he said. This decline not only is harming textile workers and ancillary industries but is damaging our natural fiber producers and the rural economy.
Lange, who serves as NCCs vice president, policy analysis and program coordinator, said it is imperative that U.S. agricultural and trade policy recognize the fundamental economic relationship between the U.S. textile and cotton production sectors and discover policies that can address the imbalances wrought by external economic forces or distortions in foreign industrial policies that damage U.S. manufacturing and agricultural interests.
The report noted that U.S. mill cotton use, which declined from 11.4 million bales in 1997 to 9.5 million bales in 2000, is projected at only 8.5 million bales for 2001. This reduction comes as imports of foreign-manufactured textile and apparel products made from foreign cottons are growing at a staggering rate. These averaged 5.6 million bale equivalents between 1993 and 1996, but soared to 10.6 million bale equivalents in 2000.
Lange said the decline in U.S. mill demand for raw cotton directly affects the economic health of the other U.S. cotton industry sectors, as the industrys infrastructure is dependent on the volume of business conducted between these sectors. U.S. cotton prices also have fallen amid this usage decline.
DuPont plans to sell parts of U.S. polyester businesses
WILMINGTON, DE DuPont announced June 14 that it has reached a definitive agreement to sell certain of its U.S. polyester businesses and manufacturing assets to Alpek, the petrochemical group of Mexican industrial conglomerate ALFA S. A. de C.V. (ALFA).
DuPont has agreed to sell to Alpek its U.S. terephthalic acid (TPA) business and its polyethylene terephthalate (PET) container resins business, along with their associated manufacturing assets at the Cape Fear site in Wilmington, NC, and the Cedar Creek site in Fayetteville, NC.
DuPont said it also has agreed with Alpek to exit the companies polyester staple fiber joint venture by mid-2002.
Alpek will also buy polyester polymerization facilities at the Cape Fear site and at the Cooper River site, located in Charleston, SC. DuPont will grant licenses to Alpek for manufacturing technology of PET resins and the use of the Melinar® and Laser® brands in the Americas region.
DuPont said it expects to take a one-time charge of 15 to 17 cents to earnings in the second quarter.
Burlington to sell mats unit to Ronile
GREENSBORO, NC Burlington Industries announced last week that it has signed a definitive agreement to sell its decorative mats business to Ronile, Inc.
The sale is subject to normal closing requirements, which are expected to be complete by the end of the month, Burlington said.
The decorative mats business is marketed under the Bacova® name. The Bacova Guild, Ltd. is located in Low Moor and Bath County, VA.
This has been a good business for us and we are confident that the Bacova® brand will lead Ronile into new and exciting markets, said George W. Henderson III, chairman and CEO of Burlington. The sale of this operation completes the divestiture of the Burlington House Floor Accents division.
The action is in line with Burlingtons initiatives to reduce debt and focus resources on its core businesses, Henderson added.
Hoynes retirement commemorated
NEW YORK CITY Marjorie Hoyne last month was honored at a dinner party commemorating her retirement as president of the Spectrum Fabrics division of Covington Industries.
The private dinner party was attended by her colleagues, family and friends and was hosted by Abby Gilmore, president and chief executive officer, Covington Industries.
Hoynes retirement was effective May 31.
Liebenow elected vice chair
WASHINGTON, DC The United States Chamber of Commerce board of directors has elected Larry A. Liebenow, president, CEO and director of the Quaker Fabric Corporation, as vice chairman for 2001-2002.
Quaker Fabric, located in Fall River, MA., is one of the largest producers of upholstered fabrics in the world and sells its products in some 45 countries.
Larry brings a good combination of business expertise, political insight and broad international experience to this position, said Thomas J. Donohue, Chamber president and CEO. He will be an excellent advocate for the Chamber on pro-business issues and policies.
Glen Raven tournament raises