MEXICO: Four Leaf Gets Go Ahead For $40m Plant
Four Leaf Textiles LLC, a US-based manufacturer of specialty coloured ring-spun yarns, has completed financing required to build a 150,000 sq ft plant in Guanajuato, Mexico, Textile World reported this week. The investment will be made in two stages, with the first $20m phase completed by April 2001. The new factory will produce specialty yarns for the apparel, home furnishings, bed and bath, and automotive markets. It will have around 22,000 spindles with an estimated annual capacity of 12 million lbs and will feature sophisticated blending and air handling systems. During the second phase, Four Leaf will spend another $20m to double the plant's capacity.Four Leaf also received additional equity of more than $13m from shareholders and Bank of America capital investors. The company also refinanced its existing debt and received additional borrowing capacity to support the Mexico investment."The Mexican facility will produce the highest quality yarn and will be the most state-of-the-art specialty ring-spun facility in the world," said David Roberts, Four Leaf founder and CEO. "The new equipment will enable us to continue to produce strong, consistent and evenly coloured yarn."The factory will be the company's fourth plant and will increase Four Leaf's total number of ring spindles to approximately 80,000. The company has hired Terry Lee to be director of international operations and Ed Sanz as chief financial officer.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-style gives you the widest apparel and textile market coverage.
Paid just-style members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
Help test our new apparel sourcing tool.
- China leads US apparel sources with falling prices
- Hard hit Turkish industry is not knocked out
- Vietnam grows share of US apparel imports in 2016
- "Power of the many" drives change at Otto Group
- US apparel sector braces for potential cost hikes
- US Q4 in brief – Carter's, Kohl's, L Brands
- Bangladesh crackdown has cost garment sector $100m
- Adidas and Burberry recognised for sustainability
- Inditex and H&M boycott Dhaka Apparel Summit
- Macy's will "do the right thing", says Lundgren
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Outdoor performance apparel 2016: A broader perspective
- Technical textile markets: product developments and innovations, December 2016
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Global market review of lingerie – forecasts to 2022