Unifi reports net loss due to high raw material costs
08 Feb '12
3 min read
Jasper added, "We are beginning to see signs of improvement in the Brazilian textile market, which should improve our future results there. We are also encouraged by customer response to our expansion of texturing capacity in Central America. This quarter, Repreve continued to gain market acceptance with new high-profile programs such as the recent announcement that Ford will be the first automaker to use the brand in seat fabric for their all-new Focus Electric vehicle."
"As these and other positive trends continue to develop, we remain confident we are on the right path and will stay focused on executing our strategies."