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US profits hurt by cheap foreign polyester

Related Keywords: America, China, Imports, India, market, polyester, purchasing, Recycle, Repreve, Textiles, Unifi, US, yarn

A major U.S. consumer of RPET enjoyed higher sales figures but suffered significantly lower net income last fiscal year. One reason was cheap polyester imports from China and India.

Unifi, which recycles PET into REPREVE brand fiber, reported sales of $708.8 million during the 2019 fiscal year (the year that ended June 30, 2019). When adjusting for foreign currency translation impacts, that was up 7.6% over the prior year, according to a press release.

Unifi launches the company's new true innovation starts in the Fiberbranding

Related Keywords: bounce, earth-friendly fibres, fabric comfort, Fiberbranding, full coverage, global supply chain, high-quality fibre, innovative fabrics, outdoor brands and retailers, performance and functionality, polyester and nylon yarns, Profiber virgin, recycled fibre, recycled performance fibres, Repreve, stretch, sun protection and water resistance, textile solutions provider, thermal comfort, Tru-technologies, Unifi, wicking

Unifi is also paving the way in sustainable performance with Repreve, a leader in branded recycled fibre. Through its proprietary U Trust verification programme, Repreve is one of the most trusted and certified earth-friendly fibres in the world. High-quality, recycled yarns are made from 100% recycled materials, including post-consumer plastic bottles, pre-consumer waste or a hybrid blend of both.

Unifi with its Repreve line of yarns to expand in Europe and Asia

Related Keywords: distributor of Repreve in Taiwan, line of synthetic yarns, made from variety of recycled products, named Sun Chemical, plan to expand in Europe and Asia, producer of multi-filament polyester and nylon textured yarns and related raw materials, Repreve, Unifi Manufacturing Inc., wo new manufacturing and distribution agreements

Unifi Manufacturing, Inc. is a leading producer of multi-filament polyester and nylon textured yarns and related raw materials, through its two new manufacturing and distribution agreements plans to expand its reach in Europe and Asia.

Operating through its subsidiary Unifi Textiles (Suzhou) Co. Ltd., Unifi will operate two new agreements that should give the company access to new markets with its Repreve line of yarns, according to a news release. Unifi’s Repreve is a line of synthetic yarns that the company makes from a variety of recycled products, including plastic bottles.

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