USA: Guilford Mills Sees Lower FY Apparel Revenue
Fabric maker Guilford Mills Inc has cut back on the apparel side of its business and expects it to generate about 10 per cent of its total revenue in fiscal 2003. The North Carolina-based firm, which emerged from Chapter 11 in October, has axed all but one of its clothing factories in the US and shut its dyeing and finishing plant in Mexico.
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