Archive for April, 2018

SYFA MEETING APRIL 26-27

The Synthetic Yarn and Fibers Association will meet April 26-27 at the Airport Sheraton Hotel in Charlotte. The theme will be “Textiles Technologies” with speakers focusing on innovations in products they are bringing to market. Some 120 executives from textiles manufacturers, suppliers and markets are expected to participate. Online registration is available.

TEXTILES GAINS MOMENTUM IN U.S.

At the recent meeting of the National Council of Textile Organizations (NCTO), Chairman William McCrary Jr. laid out the association’s priorities in an atmosphere of pro-growth optimism. McCrary announced that shipments of textile products—man-made fiber, filaments, textile and apparel—were valued at $77 billion in 2017, up almost 4 percent from the previous year. Of the total, $31.5 billion represented yarns and fabrics, $26.6 for home furnishings, carpet and other non-apparel products; $12.5 for apparel and legwear and $7.3 billion for man-made fibers.

McCrary said that of the 550,500 workers, 112,300 were in companies making yarn and fabrics, 114,000 in home furnishings etc.; 119,300 in apparel manufacturing; 25,100 in operations for man-made fibers and the rest in supply chain businesses and farming. NAFTA and CAFTA countries made up the largest segment for exports with shipments valued at $15.2 billion.

UPCOMING SESSION COULD BE OUR MOST SIGNIFICANT

The halls of the General Assembly are most quiet now. Incumbent representatives and senators with primary opponents are busy in their districts cultivating votes for the May 8 elections. For some the session that convenes a week later will be their last.

Preparations for the HTCAC legislative agenda however are intense. Yet to be disclosed details of a joint effort with the College of Textiles at North Carolina State University are being crafted for a major Legislative push. The goal is the establishment of a program with national implications. Lobbying will be a joint effort of the HTGAC and NCSU. But especially important will be the involvement and support of our members and executives from hosiery and textiles companies.

Legislators will learn that textiles ranks third in direct foreign investments in North Carolina with over $1 billion in the last decade, surpassed only by pharmaceuticals and automotive components(which also include textile products.} Also, some 150,000 people are supported by jobs in N.C. textiles and hosiery companies and their supplier companies. Our legislative efforts are directed at building a world-class infrastructure to grow the businesses and nurture new entrepreneurs.

The official 2018 session opens May 16 and is expected to conclude by mid-July. The Hosiery and Textiles Legislative Day is Wednesday, June 6.