Dan River to stay north of the border
February 26, 2001,
DANVILLE, VA -Dan River Inc. has pulled out of a joint venture with Mexican textiles producer Grupo Industrial Zaga of Mexico City, and called off plans to build a textile weaving plant in Mexico.
"After reanalyzation, we realized the costs were too high and the return on investment just wasn't there," said Denise Laussade, vp, finance, about the company's decision which will save between 400 and 500 jobs.
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