Carmichael Report

Up-to-date fiber and textile news from Alasdair Carmichael

05-12-2017 Carmichael Report (3)

The Roanoke Virginia press is reporting the imminent closure of Jefferson Yarns (formerly Jefferson Mills):  Read the press release here.   AKC Note: Sad to report the closing of a long standing player particularly in the nylon yarn processing area. In the 1980s...

05-12-2017 Carmichael Report (2)

Press reports in Arkansas advise of a further Chinese investment into the US textile industry: Read the press release here…   AKC Note: Shandong Ruyi is planning a $460 million investment to put cotton spinning into an existing plant in Forrest City,...

05-12-2017 Carmichael Report

I was away from the office last week and there were 3 items of interest that I wanted to pass on: 1)  Twitchell Technical Products, through their owners Highlander Partners have purchased The Quantum Group of Colfax NC.  Jeff Bruner, the founder of Quantum will remain...

04-10-2017 Carmichael Report

There have been reports in the industry for the last 3 months that MAS Holdings of Sri Lanka was negotiating to purchase Acme McCrary of Asheboro, NC. The following link confirms the deal is taking place: Read the press release here…   AKC Note: ACME...

03-24-2017 (3) Carmichael Report

Steve Warner at Beaver Lake Report www.beaverlake6.com has pointed me to an interesting report from a Korean newspaper regarding a Korean yarn spinning company acquiring Buhler Quality Yarns of Jefferson, GA:   Read the press release here…   AKC Note:...

03-24-2017 (2) Carmichael Report

We have reported on a number of Asian investments in the US textile industry and the following link is from the Forrest City Arkansas local paper:  Read the press release here.   AKC Note: It is not clear from the article how much manufacturing is going to be...