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Cone Mills has global itch; despite losses in Mexico, denim maker looks farther afield.
Daily News Record
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March 6, 1996|
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COPYRIGHT 1996 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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GREENSBORO, N.C.--With its $120 million denim mill in Mexico up and running, Cone Mills Corp. envisions building a global network of factories that will drive business over the next decade, the company's treasurer said.
"Our main strategy is to grow internationally," David Bray told the Triad chapter of the North Carolina World Trade Association. "We don't think, for instance, in apparel fabrics we can grow a whole lot in the U.S."
But Cone's foray into Mexico has gotten off to a rocky start. Last year's sharp devaluation of the peso forced Cone to write down ...
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