Unifi Inc., Greensboro, N.C., and Tuntex Public Co. Ltd., Thailand, have reached agreements
regarding the manufacture and sale of polyester filament yarns produced at the Tuntex manufacturing
facility in Thailand.
Unifi will use Tuntex’s Thailand plant as a base for sourcing of yarns in Asia. In turn,
Unifi will assist Tuntex in refining its textured yarn production processes and in expanding its
variety of textured yarns in an effort to increase global sales for both companies. The companies
will maintain separate sales and distribution organizations.
“These agreements will provide Unifi with a competitive entry point into the largest textile
region in the world. Asia represents the majority of the global polyester textured yarn
consumption. The agreements with Tuntex will establish an effective foothold into the market from
which we can distribute high quality textured polyester yarns, particularly to supply the needs of
western companies that have already shifted production to the region,” said Mike Delaney, senior
vice president, Unifi.
Tuntex General Manager and Director of the Board J.T. Yang echoed Delaney’s sentiments. “We
look forward to the enhanced relationship with Unifi. Through these agreements, we have acquired a
world-class partner for our polyester manufacturing business that will enable us to further
capitalize on our investments in Thailand,” Yang said. “We are particularly excited about the
expanded opportunities in the Asian industrial polyester markets, such as automotive and
upholstery, which are envisaged to grow at a significant rate.”
August 2002