March 15, 2004
Positive Outlook for Textile Industry
Mar/Apr 2004 -- "Don't bet the ranch on it, but the biggest decline in U.S. textile/apparel history may be slowing down." That's the word from Textile World, which on Jan. 15, 2004, reported that, "if all goes well, the new year could mark a turning point for hard-pressed textile and textile product mills."
Further modest shrinkage seems unavoidable, but as the year wears on, the overall picture should begin to brighten - with perhaps even some fractional gains in a few select areas by late 2004 or early the following year.
Continuing problems such as global competition, lack of a coordinated government strategy and low earnings and prices can be weighted against a growing number of upbeat factors. These would include ongoing mill reorganizations and consolidations as well as the improved production and marketing steps currently being taken by an increasingly savvy industry.
The full story can be accessed on the Internet at http://www.textileworld.com/News.htm?CD=2249&ID=6481