USA: Competition Forces CMI To Close Fabrics Complex
Citing continuing competition from textile imports, a continued softness in the economy, and significant financial losses, CMI Industries Inc announced today that it will no longer produce woven greige fabrics made of spun yarn and will close its remaining greige fabrics operations in Clinton, SC. Approximately 600 employees will be affected by the closing which is estimated to occur gradually over the next few months. The complex is expected to shut completely around July 8, 2001.
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