(i) stabilizing revenues from our U.S.-based residential fabric business by focusing on those markets least sensitive to imported products;
(ii) reducing our operating costs to compensate for the drop we have experienced in our revenues over the past few years; (iii) selling excess assets;
(iv) developing strategically important commercial relationships with a limited number of carefully chosen offshore fabric mills so that we can recapture the share of the domestic residential market that we have lost over the past few years to foreign imports; and
(v) generating additional profitable sales by penetrating the outdoor and contract fabric markets and expanding our specialty yarns business,Liebenow added.
Quaker Fabric Corporation is a leading manufacturer of woven upholstery fabrics for furniture markets in the United States and abroad, and the largest producer of Jacquard upholstery fabric in the world.