Unifi, Inc (NYSE: UFI) and Hankook Synthetics Inc today announced that the two companies have signed a letter of intent to form a joint venture to produce textured polyester yarn through Hankook’s operations in Asia and the US. Both companies will work towards a global alliance, with Unifi managing and subsequently acquiring a controlling interest in Hankook’s worldwide textured polyester business.

Subscribe to Just Style

Join over 70,000 apparel industry professionals by unlocking full access for just £1 (plus VAT if applicable)

Already a Member? Login here

Just Style membership gives you:

  • Unlimited access to Just Style content including in-depth analysis, exclusive blogs, industry executive interviews and management briefings
  • Unbeatable market coverage from apparel sourcing and supply chain issues, to emerging markets and manufacturing
  • Unrivalled apparel industry comment from journalists including Leonie Barrie, Michelle Russell, Hannah Abdulla and Beth Wright.
Want multi-user access? Explore our multi-user & corporate memberships

70% of the apparel and textile companies in the Forbes Global 2000 use Just Style

Find out more