GREENSBORO, N.C., Jan. 9, 2017 /PRNewswire/ — Unifi, Inc. (NYSE:UFI)
continues to expand its global footprint of REPREVE® recycled fiber by
entering into Vietnam with support from Century Synthetic Fiber
Corporation, now a licensed manufacturer of REPREVE. Century
Corporation will manufacture, sell and distribute REPREVE filament yarn
within Vietnam, and Unifi Textiles (Suzhou) Co., Ltd. (UTSC) – Unifi’s
subsidiary in China – will manage sales and distribution of REPREVE
filament yarn exported from Vietnam. This collaboration will open
distribution channels for REPREVE in a key apparel-producing region,
helping to fulfill increasing demand and shorten lead times to the
Company’s customer base.
Headquartered in Ho Chi Minh City, Vietnam, Century Synthetic Fiber
Corporation is one of the largest polyester yarn manufacturers in
Vietnam. Century Corporation was established more than 15 years ago and
continues to invest in its operations and expand capacity today.
“Vietnam has been a region of focus for brands and retailers over the
past few years,” said Tom Caudle, president of Unifi, Inc. “The growth
in the region cannot be ignored, with exports of approximately $27
billion of apparel and textiles in 2015, and expectations to grow to $30
billion in 2016. Within the past 18 months, we’ve grown distribution of
REPREVE to include Turkey, Taiwan, Sri Lanka and now, Vietnam.”
Jay Hertwig, vice president of global brand sales, marketing and
product development for Unifi, added, “This is a strategic position in
growing the global supply chain for REPREVE and will allow us to expand
into other Premium Value Added (PVA) products in the near future. A
presence in Vietnam will enable Unifi to meet sourcing requests and
increasing demand from our customers wherever they choose to do
business.”
About Unifi:
Unifi, Inc. is a multi-national manufacturing company that produces
and sells textured and other processed yarns designed to meet customer
specifications, and premier value-added (“PVA”) yarns with enhanced
performance characteristics. Unifi maintains one of the textile
industry’s most comprehensive polyester and nylon product offerings.
Unifi enhances demand for its products, and helps others in creating a
more effective textile industry supply chain, through the development
and introduction of branded yarns that provide unique performance,
comfort and aesthetic advantages. In addition to its flagship REPREVE® products – a family of eco-friendly yarns made from recycled materials – key Unifi brands include: SORBTEK®, REFLEXX®, AIO® – all-in-one performance yarns, SATURA®, AUGUSTA®, A.M.Y.®, MYNX® UV and MICROVISTA®.
Unifi’s yarns are readily found in the products of major brands in the
apparel, hosiery, automotive, home furnishings, industrial and other
end-use markets. For more information about Unifi, visit www.unifi.com; to learn more about REPREVE®, visit www.REPREVE.com.
About REPREVE:
REPREVE® is Unifi, Inc.’s (NYSE:UFI)
flagship brand of recycled fibers, made from recycled materials,
including plastic bottles. REPREVE can be found in products ranging from
apparel and hosiery to automotive and industrial applications, and is
used by some of the world’s leading brands, including Patagonia, Haggar,
Quiksilver and Ford. REPREVE’s #TurnItGreen initiative is designed to
encourage recycling and raise awareness among consumers that recycled
bottles can be turned into cool products they use every day. For more
information about REPREVE, visit www.REPREVE.com; like us on Facebook and follow us on Twitter and Instagram.
REPREVE is a trademark of Unifi, Inc.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/vietnam-is-the-latest-global-expansion-for-unifis-repreve-300387871.html
SOURCE Unifi, Inc.
Read more: http://www.nasdaq.com/press-release/vietnam-is-the-latest-global-expansion-for-unifis-repreve-20170109-00806#ixzz4VzwPxSM0
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