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Cone slashes corduroy biz. (Cones Mills Corp. to cut back on corduroy manufacturing)
Daily News Record
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February 11, 1992|
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COPYRIGHT 1992 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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NEW YORK -- In a move that surprised the domestic bottomweight business, Cone Mills, up until now the country's largest producer of corduroy, has begun "an orderly withdrawal from the continuous piece-dyed corduroy and piece-dyed flat fabrics business."
The withdrawal is expected to be completed by August of this year. This will involve a plan to discontinue the corduroy and Encore bottomweight continuous piece-dyed business at Cone's Granite finishing plant in Haw River, N.C., and the layoff of about three-quarters of its approximately 400 employees.
The ...
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