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International Textile Group
International Textile Group (ITG) is a diversified American fabric maker based in Beverly Hills, California. The company was founded in Greensboro, North Carolina by Wilbur Ross and was sold to Platinum Equity in 2016, leading to its move from Greensboro to Beverly Hills. Current operations ITG's operating companies include: * Cone Denim * Burlington WorldWide Apparel * Burlington House Interior Fabrics * Carlisle Finishing * Automotive Safety Textiles Locations ITG continues to manufacture fabrics in North America, but it has also developed fabric mills in China, Vietnam and Central America. Its best-known fabrics are denim and specialty nylon fabrics used in automotive airbag systems. Denim fabrics are made in the United States, in Greensboro, NC, in Mexico and are also now being made in China and Nicaragua in new company plants. In the summer of 2009, ITG reported that it had closed the Nicaragua mill- which it had just opened- because its main customer moved its cut and sew o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Made In USA
A Made in USA mark is a country of origin label affixed to homegrown, American-made products that indicates the product is "all or virtually all" domestically produced, manufactured and assembled in the United States of America. The label is regulated by the Federal Trade Commission (FTC). In general, goods imported into the United States must have a country of origin label unless excepted, but goods manufactured in the United States can be sold with no origin label unless explicitly required. U.S.-made goods that must bear an origin label include automobiles, textiles, wool, and fur products. Any voluntary claims about the amount of U.S. content in other products must comply with the FTC's Made in USA policy. A Made in USA claim can be expressed (for example, "American-made") or implied. In identifying implied claims, the Commission focuses on the overall impression of the advertising, label, or promotional material. Depending on the context, U.S. symbols or geographic reference ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Worsted Wool
Worsted ( or ) is a high-quality type of wool yarn, the fabric made from this yarn, and a yarn weight category. The name derives from Worstead, a village in the English county of Norfolk. That village, together with North Walsham and Aylsham, formed a manufacturing centre for yarn and cloth in the 12th century, when pasture enclosure and liming rendered the East Anglian soil too rich for the older agrarian sheep breeds. In the same period, many weavers from the County of Flanders moved to Norfolk. "Worsted" yarns/fabrics are distinct from woollens (though both are made from sheep's wool): the former is considered stronger, finer, smoother, and harder than the latter. Worsted was made from the long-staple pasture wool from sheep breeds such as Teeswaters, Old Leicester Longwool and Romney Marsh. Pasture wool was not carded; instead it was washed, gilled and combed (using heated long-tooth metal combs), oiled and finally spun. When woven, worsteds were scoured but not fulled. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Equity
In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a type of ownership of assets ( financial equity) and is a class of assets (debt securities and equity securities), which function as modes of financial management for operating private companies that are not publicly traded in a stock exchange. Private-equity capital is invested into a target company either by an investment management company (private equity firm), or by a venture capital fund, or by an angel investor; each category of investor has specific financial goals, management preferences, and investment strategies for profiting from their investments. Each category of investor provides working capital to the target company to finance the expansion of the company with the development of new products and services, the restructuring ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Airbags
An airbag is a vehicle occupant-restraint system using a bag designed to inflate extremely quickly, then quickly deflate during a collision. It consists of the airbag cushion, a flexible fabric bag, an inflation module, and an impact sensor. The purpose of the airbag is to provide a vehicle occupant with soft cushioning and restraint during a collision. It can reduce injuries between the flailing occupant and the interior of the vehicle. The airbag provides an energy-absorbing surface between the vehicle's occupants and a steering wheel, instrument panel, body pillar, headliner, and windshield. Modern vehicles may contain up to 10 airbag modules in various configurations, including: driver, passenger, side-curtain, seat-mounted, door-mounted, B and C-pillar mounted side-impact, knee bolster, inflatable seat belt, and pedestrian airbag modules. During a crash, the vehicle's crash sensors provide crucial information to the airbag electronic controller unit (ECU), including coll ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Greenville, South Carolina
Greenville (; locally ) is a city in and the seat of Greenville County, South Carolina, United States. With a population of 70,720 at the 2020 census, it is the sixth-largest city in the state. Greenville is located approximately halfway between Atlanta, Georgia, and Charlotte, North Carolina, along Interstate 85. Its metropolitan area also includes Interstates 185 and 385. Greenville is the anchor city of the Upstate, a combined statistical area with a population of 1,487,610 at the 2020 census. Greenville was the fourth fastest-growing city in the United States between 2015 and 2016, according to the U.S. Census Bureau. Greenville is the center of the Upstate region of South Carolina. Numerous large companies are located within the city, such as Michelin, Prisma Health, Bon Secours, and Duke Energy. Greenville County Schools is another large employer and is the largest school district in South Carolina. Having seen rapid development over the past two decades, Greenvil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cone Mills Corporation
Cone Mills Corporation was a twentieth-century manufacturer of cotton fabrics that included corduroy, flannel, and denim. The company headquartered in Greensboro, North Carolina and had its factory mills in parts of North and South Carolina. The company has its roots in a family-operated Baltimore grocery business that was managed mostly by Moses H. Cone and his brother Caesar. Cone Mills acquired several mills in the Southern United States that produced various fabrics. The companies they accumulated turned into a corporation; in its prime, it was the world's largest maker of denim fabric. Cone family members associated with Moses and Caesar became wealthy because of the corporation. The company was involved with civil and community projects and sponsored programs that required clothing, such as the Miss North Carolina Pageant. Cone Mills built five self-sufficient villages to serve its Greensboro factory workers. The villages, featuring boarding houses and single-family h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Burlington Industries
Burlington Industries, formerly Burlington Mills, is a diversified American fabric maker based in Greensboro, North Carolina. Founded by J. Spencer Love in Burlington, North Carolina in 1923, the company has operations in the United States, Mexico, and India and a global manufacturing and product development network based in Hong Kong with over 8000 employees on several sites in the United States, Canada and worldwide. The company entered Chapter 11 bankruptcy protection in December 2001. Its assets were acquired by International Textile Group (ITG) out of bankruptcy in late 2003. Its carpet division was sold to Mohawk Industries and its headquarters were vacated in 2004. ITG retained Burlington as a brand and eventually became Elevate Textiles. History In 1923 J. Spencer Love founded a textile corporation in Burlington, North Carolina. Love and his father brought $50,000 worth in machinery from a factory they had sold in Gastonia to Burlington, and also invested $200,000 th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
WL Ross & Co
WL Ross & Co is a private equity company founded and based in New York by Wilbur Ross in April 2000. The company focuses on investments in financially distressed companies with undervalued stocks, in the $100 to $200 million range, usually in the United States, Asia, Korea, Ireland, Japan, France and China. By acquiring majority stake in their investments through purchases and/or buyouts, WL Ross & Co. LLC then have the option of restructuring, turnarounds, mergers, reorganizations and industry consolidation. Starting in 2002, WL Ross began acquired the assets of bankrupt steel companies such as LTV Steel Corp, Bethlehem Steel, Weirton Steel, Acme Steel, Georgetown Steel, Youngstown Sheet and Tube, and Republican Steel. By 2003 Ross had established relationships with the United Steelworkers, promising to save jobs. WL Ross founded the company International Steel Group (ISG) by combining bankrupt LTV Corp., Acme Steel and Bethlehem Steel, which quickly became the largest integrate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nylon
Nylon is a generic designation for a family of synthetic polymers composed of polyamides ( repeating units linked by amide links).The polyamides may be aliphatic or semi-aromatic. Nylon is a silk-like thermoplastic, generally made from petroleum, that can be melt-processed into fibers, films, or shapes. Nylon polymers can be mixed with a wide variety of additives to achieve many property variations. Nylon polymers have found significant commercial applications in fabric and fibers (apparel, flooring and rubber reinforcement), in shapes (molded parts for cars, electrical equipment, etc.), and in films (mostly for food packaging). History DuPont and the invention of nylon Researchers at DuPont began developing cellulose based fibers, culminating in the synthetic fiber rayon. DuPont's experience with rayon was an important precursor to its development and marketing of nylon. DuPont's invention of nylon spanned an eleven-year period, ranging from the initial research pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Polyester
Polyester is a category of polymers that contain the ester functional group in every repeat unit of their main chain. As a specific material, it most commonly refers to a type called polyethylene terephthalate (PET). Polyesters include naturally occurring chemicals, such as in plants and insects, as well as synthetics such as polybutyrate. Natural polyesters and a few synthetic ones are biodegradable, but most synthetic polyesters are not. Synthetic polyesters are used extensively in clothing. Polyester fibers are sometimes spun together with natural fibers to produce a cloth with blended properties. Cotton-polyester blends can be strong, wrinkle- and tear-resistant, and reduce shrinking. Synthetic fibers using polyester have high water, wind and environmental resistance compared to plant-derived fibers. They are less Fireproofing, fire-resistant and can melt when ignited. Liquid crystalline polyesters are among the first industrially used liquid crystal polymers. They are use ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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