USA: Worldtex To Close Elastic Manufacturing Plant
Worldtex announced today that its wholly owned subsidiary, Elastic Corporation of America, will permanently close a narrow elastic manufacturing facility in Lexington, South Carolina. The company will continue to operate narrow elastic manufacturing plants located in Columbiana, AL; Woolwine, VA; Asheboro, NC; and Hemingway, SC."We are rationalising our manufacturing for improved flexibility to meet the changing market demand by consolidating our narrow elastic fabric operations. Production from Lexington will be shifted to other facilities," said Barry D. Setzer, chief executive officer. "We will continue to operate our most efficient facilities where a significant amount of capital expenditures for 1998 and 1999 have been invested. We expect to reduce our manufacturing cost by this operational restructuring."The closure of the Lexington facility, which will affect approximately 150 wage and salary employees, is expected to be completed by December 31, 2000."We sincerely regret the impact this will have on our employees and the community, and we will seek to help the affected employees make the transition to other employment," Setzer said, "but these changes are necessary in order to improve the financial position of our company."
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.
- Rana Plaza four years on – Timeline of change
- Trump and Brexit get a dose of pragmatism
- Using worker surveys to drive supply chain change
- Industry groups reaffirm commitment to Bangladesh
- Where does VF supply chain sit in growth strategy?
- US textile industry applauds Trump executive order
- Inditex, Adidas and Patagonia top ethical report
- Gap unveils five-year sustainable fibres pledge
- Pentland Brands reveals Berghaus factory list
- Calls for supply chain transparency standard
- Global market review of denim and jeanswear – forecasts to 2022
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Myanmar - ISA Country Report
- Clothing Market in the Top 5 American Countries to 2021 - Market Size, Development, and Forecasts