Home / Knowledge / News / Textiles / Bradford closes its Westerly plant
Bradford closes its Westerly plant
23
Jul '11
Bradford Printing and Finishing, LLC has asked its workers at its Westerly plant to go on a long leave as the company has failed to recover the loss that it suffered due to heavy floods of 2010.

The textile finishing plant was commissioned in 1911 and engages in printing fabric for military uniforms.

However, the company intends to restart the plant, but is awaiting the receipt of the federal grant of US$ 700,000 to help it overcome the devastating effects of the flood.

Last year's devastating floods caused the plant to lose around four million USD, but so far the plant has only been able to regain only half the amount.

The plant operated on rented premises and had no insurance cover against floods. The company was then advised to cease business at that time itself, but it chose to carry on.

Bradford has already put in around two million USD worth of its own funds towards restoration and is now running short of funds. As such, arranging funds for the company has now become a key concern for it.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search