USA: Malden Mills To Set Up Operations In China
Textile maker and Polartec producer Malden Mills Industries Inc has revealed it plans to switch some of its production to China as it looks to emerge from Chapter 11 bankruptcy protection later this summer. The Massachusetts-based company said in several corporate filings it will shift some of its Polartec operations to Shanghai from its Lawrence plant but added the move will not affect the domestic factory's 1,200 workers.
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