ATMI touts U.S. export growth
January 15, 2001,
NEW YORK — The American Textile Manufacturers Institute said the brightest spot in an otherwise relatively dim year for the U.S. textile industry was the increase in exports.
Roger Chastain, president of the ATMI, said textile exports exceeded $10 billion for the first time in history.
The decline of textile mill shipments was the first three-year decline in at least 40 years. Shipments fell to the lowest level since 1993, $77 billion, a decrease of 1 percent.
Textile corporate sells also fell, to $58.2 billion, a decline of 4 percent and the lowest sales level since 1991. Write-offs resulted in an after-tax industry loss of approximately $300 million, following a $700 million profit in 1999.