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Unifi to raise recycled polyester's operation

In a bid to scale up its operation in recycled polyester, textured yarn supplier, US-based Unifi is planning to increase production capacity at its Yadkinville manufacturing facility by up to 85,000 sq. ft. This has come in the backdrop of a high demand for textured polyester and nylon yarns in Brazil, China, North and Central America. The company for the fourth quarter saw an increase of $8.8 million in its net income, which stands at $15.5 million, while the net income for the 2015 fiscal year stood at $42.2 million. The firm’s net income last year was $28.8 million.

 

The chief operating officer Roger Berrier said they were doing well on the back of rising demand for their quality yarns, robust operating results from international markets and consolidated earnings from their equity affiliates.

 

Also, with the addition of texturing machines to support growth in demand for synthetic yarns and strategic capital projects prepared in 2015, they foresee a jump in domestic businesses in 2016. The company is expecting to see the benefits of expansion of Repreve Rycycling Center trickling down in the upcoming years. The firm’s net sales for the fiscal year 2015 was to some extent flat compared to the last fiscal year.

 

 

 

 

 

 
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