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January 2nd, 2005

As quotas expire, U.S. textile industry braces for change

Abstract:
ITG is also investing millions of dollars in a venture that uses nanotechnology (a branch of engineering involving the manipulation of individual molecules) to create improved types of fabric. Already its Nano-Tex unit is selling stain-resistance technology to Eddie Bauer, the Gap and other lines. Meanwhile, in one of ITG's core businesses, manufacturing denim, a Greensboro plant owned by the company has added 200 employees this year by developing premium denims for jeans that can sell for more than $100 a pair.

In theory, these cutting-edge businesses ought to be creating the wealth that generates new jobs for U.S. workers. But even ITG's own employees harbor few illusions about their situation, especially now that the quota system will be no more.

Source:
detnews

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