As sales of RVs trend upward, so do the opportunities for fabricators in custom shops.
New parks will include spinning, weaving, knitting, processing and garment manufacturing facilities.
Upselling works with marine fabrication skills that transfer to other applications.
Enterprise mobility software is next generation, real-time supply chain integration.
Expansion has led to the creation of three new management roles at Mount Vernon Mills.
Three key textile trade associations unite for a stronger voice in Washington.
Engineered Surfaces is the new name of decorative products business segment.
Dan Nolan III expands services to bring clients what they need and want.
Both younger and older generations face unique challenges in succession planning.
Major corporations lead initiative to move industry to greater sustainability.
Next round of talks is set for May 15–24, 2013 in Lima, Peru.
New technique could enable the creation of fiber-based electronic and photonic devices.
Looking for write-offs in all the right places.
Presentation of the Sustainability Awards, June 12 in Frankfurt am Main.
Keeping family businesses strong requires a long-term strategy and realistic planning.
In an IFAI business climate survey, three factors constraining growth in the U.S. specialty fabrics market were mentioned: high raw material costs, overseas competition, and high oil/energy prices. From September –December 2008, high raw material and petroleum-related prices were exacerbated by tighter credit markets and record unemployment.
Survey respondents reported some positive factors: increasing market share due to increased consolidation, greater export opportunities, and development of new technology and growth in eco-friendly green markets. Growth markets include medical textiles, military applications, safety and protective products, and the domestic and international use of geosynthetics.
Increases in raw material and energy costs, increased labor costs and medical insurance premiums and the possible long-term shrinkage of the military market were mentioned as threats to growth. The poor economy means a weak U.S. dollar, tighter credit and reduced consumer buying. Overcapacity could be a problem, due to increased costs, decreased customer demand and global competition, especially from China and India.
In response, suppliers will focus on high value products, profitable niche markets and product diversification, improving manufacturing processes, R&D and information technology. Advertising, marketing and sales promotion will be key.
From the 2009 State of the Industry Report. Purchase a complete report at the IFAI Bookstore.