US textile industry | Yarns and Fibers

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Hagan’s bill extending textile incentives facing challenge to attract co-sponsors

YarnsandFibers News Bureau

Related Keywords: US textile industry

U.S. Sen. Kay Hagan, D-N.C., supporter of federal laws that support the domestic textile industry is trying to gather support for a bill introduced Extending Incentives for Exporting American Textiles Act on Dec 20. Although the bill supports both apparel and textile makers, it has been facing challenge to attract co-sponsors to the legislation and has not moved out of finance committee, as the U.S. textile industry does not have the prominent presence it once did.

U.S. textile sector continues to see positive trend in FDI due to Yarn Forward rule

YarnsandFibers News Bureau

Related Keywords: US textile industry, Yarn forward rule

The United States has become an increasingly attractive option for textile manufacturers, the key driver for surge in foreign direct investment is the success of U.S. trade policy in the textile sector. The Yarn-Forward rule has helped the U.S. textile industry become the third largest exporter of textile products in the world. U.S. textile exports have grown dramatically, from $12.7 billion in 2003 to $17.9 billion in 2013, a 40.6% increase over that period.

Textile industry of southern states of US making a huge comeback

YarnsandFibers News Bureau

Related Keywords: textile company, US textile industry

US textile industry of southern states makes a huge comeback by generating $54 billion in shipments in 2012 and employed about 233,000 people. Business is on the upswing as Southern states, in particular, encouraged textile companies with tax breaks, reliable utilities, modern ports and airports and a dependable, trained and non union workforce. Decades after many people thought the textile industry was finished.

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