Johnston Industries Inc. Files Chapter 11
Columbus, Ga. - On January 31, 2003, Johnston Industries and all of its subsidiaries voluntarily filed Chapter 11. ''Despite our best efforts to stabilize revenue, reduce costs and maximize cash flow, the downturn in the manufacturing economy… Read more.February 4, 2003
Finneran and Kerr Join American Century
HIGH POINT — Tom Finneran has been named president of American Century Home reporting to Jason Jiang, chairman and principal. Finneran was previously the vice president of sales and marketing for Cone Jacquards in Cliffside, N.C. He… Read more.January 24, 2003
Hilb Completes Heritage Purchase
New York – Thomas Hilb has acquired Heritage House Fabrics Inc., a home furnishings fabric converter from Jeffrey Goldman and Jeffrey Erdheim, two of the original owners. Goldman and Erdheim are also the principals of Jeffrey Fabrics,… Read more.January 22, 2003
Flokser Buys Flock Line, Zimmer Printer From Culp
High Point, N.C., (USA) — After almost one year of on-and-off negotiations, Culp Inc. finally completed the sale of its flock equipment in Burlington, N.C., as well as its complete printing operation in Lumberton, N.C., to Flokser of Turkey.… Read more.January 22, 2003
Cahan Rebounds as Customers Return
Bursa - Cahan, an upholstery mill that produces gobelin jacquards in the $2 to $3 price range, is winning back clients who were lured by cheap prices to take their business to Chinese mills, said Esra Cahantimur, wife and partner to Orhan Cahantimur,… Read more.January 17, 2003
Family-Owned Broderi Narin Grooming Non-Family Managers
Istanbul - Family-owned voile manufacturer Broderi Narin has named Cen Narin general manager of the company. He replaces his cousin, Bulent Narin, who handled day-to-day management. Bulent will remain on the Broderi Narin board of directors.… Read more.January 17, 2003
Elvin Boutique Curtains Sell To China, Europe
Bursa - ''Prices are very competitive in the voile business today,'' said Kadir Ozbey, general coordinator of Elvin Tekstil, a boutique curtain producer. ''Turkey has become the world leader in voile, supplying Europe, the U.S. and rich people… Read more.January 17, 2003