Unifi to Shutter, Sell Madison, N.C. Facility

Dow Jones

Feb 04

By Stephen Nakrosis

Unifi said it will transition yarn production at its facility in Madison, N.C. and plans to sell the property later this calendar year.

The company said production activities currently taking place at the facility will be consolidated into facilities in North and Central America. Unifi said certain equipment will be relocated to meet current and growing market needs.

The company said the decision will enhance operating efficiency, reduce fixed costs, and strengthen its balance sheet.

Existing employees will be offered opportunities at the company's other facilities in the state, Unifi said. Proceeds from the property sale will be prioritized toward paying down existing debt.

Unifi makes and sells synthetic and recycled products made from polyesters and nylon.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

February 03, 2025 17:02 ET (22:02 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2508179841"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2508179841\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2508179841?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-04 06:02","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2508179841","market":"hk","top_or_hot":-1,"title":"Unifi to Shutter, Sell Madison, N.C. Facility","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Stephen Nakrosis \n</p>\n<pre>\n \n</pre>\n<p>\n  Unifi said it will transition yarn production at its facility in Madison, N.C. and plans to sell the property later this calendar year. \n</p>\n<p>\n  The company said production activities currently taking place at the facility will be consolidated into facilities in North and Central America. Unifi said certain equipment will be relocated to meet current and growing market needs. \n</p>\n<p>\n  The company said the decision will enhance operating efficiency, reduce fixed costs, and strengthen its balance sheet. \n</p>\n<p>\n  Existing employees will be offered opportunities at the company's other facilities in the state, Unifi said. Proceeds from the property sale will be prioritized toward paying down existing debt. \n</p>\n<p>\n  Unifi makes and sells synthetic and recycled products made from polyesters and nylon. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 03, 2025 17:02 ET (22:02 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Unifi to Shutter, Sell Madison, N.C. Facility</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUnifi to Shutter, Sell Madison, N.C. Facility\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-04 06:02</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Stephen Nakrosis \n</p>\n<pre>\n \n</pre>\n<p>\n  Unifi said it will transition yarn production at its facility in Madison, N.C. and plans to sell the property later this calendar year. \n</p>\n<p>\n  The company said production activities currently taking place at the facility will be consolidated into facilities in North and Central America. Unifi said certain equipment will be relocated to meet current and growing market needs. \n</p>\n<p>\n  The company said the decision will enhance operating efficiency, reduce fixed costs, and strengthen its balance sheet. \n</p>\n<p>\n  Existing employees will be offered opportunities at the company's other facilities in the state, Unifi said. Proceeds from the property sale will be prioritized toward paying down existing debt. \n</p>\n<p>\n  Unifi makes and sells synthetic and recycled products made from polyesters and nylon. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 03, 2025 17:02 ET (22:02 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UFI","symbol_name":"仪化宇辉","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2508179841","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2508179841","pubTimestamp":1738620120,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Unifi said it will transition yarn production at its facility in Madison, N.C. and plans to sell the property later this calendar year.The company said production activities currently taking place at the facility will be consolidated into facilities in North and Central America. Unifi said certain equipment will be relocated to meet current and growing market needs.The company said the decision will enhance operating efficiency, reduce fixed costs, and strengthen its balance sheet.Existing employees will be offered opportunities at the company's other facilities in the state, Unifi said. Proceeds from the property sale will be prioritized toward paying down existing debt.Unifi makes and sells synthetic and recycled products made from polyesters and nylon.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"UFI":"仪化宇辉","BK4010":"纺织品"},"translate_title":"Unifi将关闭并出售北卡罗来纳州麦迪逊工厂","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UFI":1},"content_text":"By Stephen Nakrosis \n\n\n \n\n\n  Unifi said it will transition yarn production at its facility in Madison, N.C. and plans to sell the property later this calendar year. \n\n\n  The company said production activities currently taking place at the facility will be consolidated into facilities in North and Central America. Unifi said certain equipment will be relocated to meet current and growing market needs. \n\n\n  The company said the decision will enhance operating efficiency, reduce fixed costs, and strengthen its balance sheet. \n\n\n  Existing employees will be offered opportunities at the company's other facilities in the state, Unifi said. Proceeds from the property sale will be prioritized toward paying down existing debt. \n\n\n  Unifi makes and sells synthetic and recycled products made from polyesters and nylon. \n\n\n \n\n\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 03, 2025 17:02 ET (22:02 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}