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May 07, 2001 Issue #35

Cover Story

Textile giants to spend less amid shifting landscape

NEW YORK — Busy coping with the wrenching demands of a radically shifting textiles landscape — stepping up global sourcing, and at the same time shutting down excess U.S. capacity, most notably in sheets and towels — domestic textiles producers are sharply scaling back their capital spending outlays to adjust to a new reality.