Deal off to sell shuttered Unifi plant  

Greensboro, N.C. – In a filing with the SEC, Polyester and nylon textured yarn producer Unifi reported that Reliance Industries USA was terminating its agreement to buy the Unifi Kinston manufacturing plant.

Unifi noted that it “retains certain rights to sell these assets located at the Kinston facility for a period of two years from March 20, 2008. If after the two-year period the assets have not been sold, the Registrant will convey them to E.I. DuPont de Nemours for no value.”

Unifi had acquired the plant in Kinston, N.C. in September 2004 from Invista (previously a DuPont division), and shut down operations there last October, as part of a consolidation of excess capacity.

Featured Video

  • Why you should go to Shanghai for Intertextile Home Textiles

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT digital edition

See the June 2017 issue of Home & Textiles Today. In this issue, we discuss how U.S, ports are gearing up for the future, and what to expect from second half trade shows. See details!