Interviews
News Flash
Yarn & fabric maker Alice Mfg Co buckles under
12 Apr '06
1 min read
A 53-year-old factory - Alice Manufacturing Company making fabrics and yarns, will soon close down, rendering 260 employees without jobs.
Imports from Asian countries is the main cause cited for deterioration of its business.
Due to huge inflow of cheap imports from Asia, customer base of the unit eroded, hinted Smyth McKissick III, Chairman of the family owned company.
He added that the decision to close down, necessitated due to the global textile market conditions, which led to American companies being vulnerable to price competition.
Imports from Asian countries is the main cause cited for deterioration of its business.
Due to huge inflow of cheap imports from Asia, customer base of the unit eroded, hinted Smyth McKissick III, Chairman of the family owned company.
He added that the decision to close down, necessitated due to the global textile market conditions, which led to American companies being vulnerable to price competition.
Popular News
Leave your Comments
Editor’s Pick
Christian Guinet
French Textile Equipment Manufacturers’ Association (UCMTF)
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
