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Arjuna Ranatunga news

20 June 2016


Unifi Inc. adds Sri Lanka division

Greensboro-based yarn maker Unifi Inc. said Thursday that it is adding a new division in Sri Lanka to expand the global availability of Repreve recycled fiber.
The new division, called Unifi Textiles Colombo Private Limited (UTCL), will be based in Colombo, Sri Lanka, and is expected to begin operations by the end of the third quarter in 2016. The Sri Lanka operation will also distribute Unifi’s other premier value-added yarns.
The expansion to Sri Lanka follows Unifi’s (UFI: NYSE) announcement of new distribution channels in both Turkey and Taiwan. Unifi’s Repreve fiber, which is made from recycled plastic bottles, also is distributed through Korteks, a licensed manufacturer of Repreve in Turkey; and Sun Chemical, a distributor of Repreve in Taiwan.
“UTCL demonstrates our commitment to operational excellence in our global supply chain,” said Tom Caudle, president of Unifi Inc. “Our global footprint for PVA products includes the Americas, China, Turkey, Taiwan and now, Sri Lanka, which means that we can supply our customers anywhere in the world in which they choose to develop a program.”

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