Dan River ups the ante systems spending
February 27, 2003-- Home Textiles Today,
Danville, VA — Reversing a long industrywide trend of slowed capital spending, Dan River Inc. said it plans to boost its capital outlays by as much as 85 percent this year.
In a recent 10-K federal filing, the nation's fifth-largest home fashions supplier, with sales of home textiles last year of $438 million, said it will increase spending to $20 million to $23 million, up sharply from $12.4 million in 2002.
The money, the company said, will be spent on information systems, sewing automation and other upgrades and routing plant maintenance.
Related Content By Author
DayThree from the NY Textiles Market