Home / Knowledge / News / Textiles / Performance Fibers intents to idle production at two Alabama plants
Performance Fibers intents to idle production at two Alabama plants
28
Mar '08
Performance Fibers Holdings Inc announced that it intends to idle all manufacturing at its Winfield and Scottsboro, Ala. plants, based on reduced demand from U.S. tire customers, combined with increasingly competitive industry and economic conditions.

The planned action will idle polyester-fabric converting operations in Winfield, affecting about 100 employees, and fabric dipping operations in Scottsboro, impacting about 40 employees. The exact timing for the idling will depend on the transition period necessary to meet customers' needs.

The decision to idle its full manufacturing operations at these two plants was caused by a number of factors, including lower consumer demand for automobiles, global competition, and higher raw material and operating costs over the last three years. These factors, combined with the restructuring activities of key tire customers in North America, have resulted in lower overall demand for tires.

“Extremely challenging industry and economic conditions have prevented the plants from being fully utilized since we acquired them in 2005,” said Performance Fibers' CEO Gregory S. Rogowski. “Reduced demand now makes it necessary for us to take these difficult actions to remain globally competitive as a company.”

“We deeply regret the impact this difficult decision will have on the Scottsboro and Winfield workforce,their families and their communities. As always, we are committed to treating all employees with respect and fairness, and we will work to make this transition as smooth as possible for affected employees,” Rogowski continued.

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kerem Durdag
Biovation II LLC

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

Kevin Nelson
TissueGen

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

Mike Hoffman
Gildan Activewear SRL

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

Sonam & Paras Modi
SVA

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search