Home / Knowledge / News / Textiles / NCTO's John Bakane joins Ex-Im Bank advisory committee
NCTO's John Bakane joins Ex-Im Bank advisory committee
22
Nov '12
National Council of Textile Organizations (NCTO) Executive Committee Member and CEO of Frontier Spinning Mills, John Bakane was recently appointed to serve as the U.S. textile industry representative on the Export-Import Bank (Ex-Im Bank or Bank) Advisory Committee.

Bakane has lead a rich three decade career in the textile industry serving as CFO and CEO of Cone Mills Corporation and Cone Denim prior to assuming leadership of Frontier Spinning Mills. Bakane’s role on the Bank’s Advisory Committee will be to provide recommendations on export financing products to the Ex-Im Board of Directors and the Bank President, Fred Hochberg.

NCTO President, Cass Johnson applauded the Ex-Im Bank for selecting Bakane to the Advisory Committee. “I am pleased that the Ex-Im Board of Directors selected Frontier Spinning Mills CEO John Bakane to serve on the Bank’s Advisory Committee. Bakane has a strong background in finance and has lead U.S. companies like Cone Denim into international prominence.”

Johnson continued, “The U.S. textile industry exports 75 percent of its production, and as industry exports increase creative export financing arrangements will become more and more necessary, and the textile industry will greatly benefit from Bakane’s service as part of the Advisory Committee.”

NCTO was instrumental in working with Congress, specifically Representative Lynn Westmoreland (R-GA) and Senator Kay Hagan (D-NC) in creating a position for the U.S. textile industry on the Bank’s Advisory Committee. “NCTO applauds Rep. Westmoreland and Sen. Hagan for recognizing the need for this important position on the Advisory Committee, and we thank both leaders for working with the industry to ensure its creation.” Johnson stated.

National Council of Textile Organizations (NCTO)


Must ReadView All

US commerce department finds dumping of low melt PSF

Textiles | On 20th Jun 2018

US commerce department finds dumping of low melt PSF

The US department of commerce (USDC) has announced affirmative final...

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, 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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search