January 16, 2004
Jan. 16, 2004 - ?Don?t bet the ranch on it, but the biggest decline in U.S. textile/apparel history may be slowing down.? This is the news from Textile World on Thursday of this week. ?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 like 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 is posted at: Textile World
Staff contact: Rita Kourlis Samuelson, ext. 29