Based on the success of their domestic business, Unifi plans an expansion of their business within the CAFTA region. The company anticipates utilizing the cash from operations and additional borrowing capacity to fund growth related initiatives in the fiscal year 2015. “We are planning to increase texturing capacity in the US and Central America to better serve the growing demand for synthetic yarns in the CAFTA region and to support our mix enrichment strategies,” says Bill Jasper, Chairman and CEO, Unifi.Because of the continued success and expected growth of Repreve, Unifi will also continue exploring backward integration opportunities into bottle washing.
