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.
Related Content By Author
1200 Suppliers are Ready for You at Intertextile Shanghai
Home & Textiles Today eDaily
Most Viewed Articles
See the August 2017 issue of Home & Textiles Today. In this issue, we look at the Top 50 Retailing Giants Report, plus Manufacturing: Made in the USA gaining ground; International: Portugal ramping up exports; New products: NY Now home textiles introductions; Outlook: Commentary from H&TT's editors; and Planning: Trade show calendar.