A Yarn Worth Telling: U.S. Textile Industry Sees Uptick in Capital Spending
SUGAR LAND--June 22, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. textile industry, once a major player in manufacturing, saw an estimated 650 plants close in the 1990s and 2000s. The decline was attributed to increased automation and cheaper overseas labor. But textile manufacturing could be headed for a partial recovery, or at least is stabilizing. Industrial Info is tracking 34 capital projects worth $1.11 billion in the U.S. textiles industry.
Within this article: Details on key projects from major companies, such as Gildan Activewear Incorporated (NYSE:GIL), Parkdale Mills Incorporated, N.R. Spuntech Industries Limited and Shalag Industries Limited.
