USA: Unifi And Hankook Announce Joint Venture
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.