NEW YORK — A disagreement over the terms of a polyester filament "manufacturing alliance" between DuPont and Unifi Inc. has led DuPont to seek $85 million in compensation through an arbitration hearing, Unifi disclosed late Monday. The hearing is...
NEW YORK — A disagreement over the terms of a polyester filament "manufacturing alliance" between DuPont and Unifi Inc. has led DuPont to seek $85 million in compensation through an arbitration hearing, Unifi disclosed late Monday. The hearing is scheduled to begin next month.
A spokeswoman for Wilmington, Del.-based DuPont confirmed that her company brought the matter to an arbiter in February, and did not dispute the $85 million figure. Under the terms of the agreement reached in 2000, DuPont and Unifi agreed to co-manage DuPont’s "partially oriented yarn" plants in Kinston and Wilmington, N.C. and Unifi’s in Yadkinville, N.C.
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