UNIFI INC, UFI
Unifi, Inc. announced that it has closed on the sale and received $9 million in proceeds related to its 50% ownership interest in Yihua Unifi Fibre Industry Co., Ltd., the Company's joint venture with Sinopec Yizheng Chemical Fiber Co., Ltd. (YCFC). Unifi will continue to service customers in Asia through Unifi Textiles Suzhou Co., Ltd. (UTSC), a wholly-owned subsidiary based in
ABOUT
Unifi, Inc., together with its subsidiaries, operates as a diversified producer and processor of multi-filament polyester and nylon yarns, including specialty and premier value-added (PVA) yarns. It operates in two segments, Polyester and Nylon. The Polyester segment manufactures partially oriented, textured, dyed, twisted, and beamed yarns. This segment sells its products to other yarn manufacturers, knitters, and weavers who produce fabric for the apparel, automotive upholstery, home furnishings, industrial, military, medical, and other applications.
Last Trade: 1.39
Day's Range: 1.28 - 1.40
52wk Range: 0.44 - 5.43
Volume: 129,528
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