What are the near future investments plans at Unifi?
The most recent development is the opening of the Repreve Bottle Processing Centre in Reidsville, North Carolina, which achieves our goal of vertically integrating the Repreve recycled product line, adding flexibility, expanding production capabilities and supporting volume growth. This state-of-the-art facility utilises custom-designed, cutting-edge technology and has the capacity to produce 75 million pounds of the highest quality, consistent, clean bottle flake each year. With this investment, we have increased production flexibility that will allow us to better serve our customers.
What budget have you allocated towards R&D?
Unfortunately, it is not our policy to disclose budget numbers. However, we can confirm that R&D will remain a major focus as we continue to provide innovative products to our customers.
What are the challenges that the processed yarns industry is currently facing?
As I mentioned earlier, fluctuations in raw material prices impact profitability and also demand. Supply chain flexibility continues to be a challenge for the industry facing shorter lead times and smaller individual order sizes as brands and retailers respond to consumer demands for fast fashion plus corporate requirements to minimize inventory holdings.
Please share details of the last two fiscal and your expectations for the next two fiscal years.
Over the last five years, we have consistently increased profit each year, driven by the success of our innovative premium value-added products both domestically and abroad. We continue to grow our global footprint, with recent expansions into Sri Lanka, Vietnam and Turkey. Our capex programme over the last three years has increased our capacity to produce premium value-added yarns and positions us well for growth in the future. With the opening of the Repreve Bottle Processing Centre, our operation is also more vertically integrated, adding flexibility, enhancing our production capabilities and supporting volume growth. For the next two fiscal years, we remain committed to producing the highest quality, most innovative and sustainable products for our customers around the world.
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