PricewaterhouseCoopers, the world's largest professional services organisation, and American Fibers and Yarns (AF&Y), a manufacturer of polypropylene fibers, today announced that AF&Y will outsource key business support services to PricewaterhouseCoopers' Business Process Outsourcing group as part of its strategy to focus on and invest in core business and maximise operating efficiency.

Under the terms of the agreement, PricewaterhouseCoopers will provide AF&Y with an integrated, multi-process solution spanning general accounting, order fulfillment, procurement, capital assets and information technology services through its multi-client Centres of Excellence (COE) headquartered in Tulsa.

Frank Andrusko, AF&Y's president, said, "We are leaders in our markets, with significant growth opportunities. Starting a long-term relationship with PricewaterhouseCoopers is a critical step toward reaching our full potential. By outsourcing to PricewaterhouseCoopers, we will become a more efficient and focused organisation with the ability to move faster and leaner than ever before."

About American Fibers and Yarns
American Fibers and Yarns Company is a leading manufacturer of polypropylene yarn with its corporate office in Cumming, GA, sales and marketing office in Greenville, SC, and plants located in Afton, VA, Rocky Mount, NC, and Bainbridge, GA.

About PricewaterhouseCoopers
PricewaterhouseCoopers (www.pwcglobal.com) is the world's leading professional services organisation. Drawing on the knowledge and skills of 150,000 people in 150 countries, we help our clients solve complex business problems and measurably enhance their ability to build value, manage risk and improve performance.