Unifi to shift polyester yarn texturing plant from Reidsville to Yadkinville
23 Jun '05
2 min read
US based yarn producer multi national company Unifi Inc announced that it will move the polyester texturing operations performed in the Company's Reidsville, North Carolina plant to its larger, more efficient facilities located in Yadkinville, North Carolina. The move, which is expected to be completed by October 1, 2005, will result in the elimination of approximately 150 positions in Reidsville and the addition of approximately 100 positions in Yadkinville.
"This move represents a change in production location to maximize the overall efficiency of our domestic polyester texturing operations and can be accomplished with little cost to the organization," said Bill Lowe, Chief Operating Officer and CFO for Unifi. "It does not represent a reduction in the domestic polyester texturing capacity for Unifi, nor does it change our on-going commitment to the dyed yarn operations that continue to be based in the Reidsville plant."
With the move, Reidsville will no longer texture polyester yarn used in its dyed yarn operations. Yadkinville will produce these products on existing equipment, as the equipment in Reidsville will not be moved to Yadkinville to accommodate this change. Texturing employees in Reidsville will be offered the opportunity to transfer to Yadkinville or other Unifi facilities where openings exist. The Company expects that there will be minimal impact to the dyed operations.
"They regret the impact that this change will have in Reidsville and Rockingham County, as our employees there have performed well on the equipment within that facility. However, the Yadkinville facility has substantial advantages through automation and the facility is dedicated to texturing polyester products," said Bill Lowe.
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