Chargeurs Launches Counterattack
October 28, 2005
October 28, 2005 -- Chargeurs has laid out a nearly US$19-million plan of additional reorganization measures to help its textile businesses counter the very rapid onslaught of Chinese imports, stated a press release issued by the company late last week.
This plan is a part of a strategic refocusing of the company's core business on China and raw material-producing countries.
"This business plan will have no major impact to our traditional operations in the United States," stated Richard Von Gerstenberg, managing director, Worldwide Operations, Chargeurs Wool. "Chargeurs Wool (USA) is simply making a structural change by splitting its industrial operation from its commercial operation.
"The way U.S. wool producers interact with Chargeurs Wool (USA) will not change. The commercial operations will continue as previously under the Chargeurs name, whereas the industrial sector of the operation will continue normal processing, only under a new name, USA Wool," concluded Von Gerstenberg.
"A combing plant in the United States is vital to the domestic wool industry," commented Rita Kourlis Samuelson, deputy director of operations and wool marketing director for the American Sheep Industry Association. "We are pleased to hear from the company that this restructuring will have no impact on the U.S. industry."
Staff contact: Rita Kourlis Samuelson, ext. 29