ATMI SLATES APRIL TAKEOFF FOR TEXPORT
Byline: Valerie Seckler
NEW YORK — The American Textile Manufacturers Institute has set an April launch for Texport, a textile export trading company that will “help our members become more competitive in the evolving trade environment,” Carlos Moore, ATMI executive vice president, told a trade forum here last week.
“There’s no real growth in this market for the textile industry,” said Moore, explaining the dynamic driving Texport, which will be owned by participating companies and offer financial services from NationsBank.
Moore projected annual textile industry sales increases of 1 percent to 2 percent in the U.S. over the next five years, “compared with 5 to 10 percent growth rates in other nations that are at our doorstep.”
Services offered by Texport will range from export promotions and market analysis to factoring and credit checks. Plans call for Texport to be based in the Washington area and to focus first on exports to Latin America.
“At first we will focus on the primary concern of our ATMI members — selling fabrics — although there could be deals that result in some joint partnerships involving apparel,” Moore said at the forum sponsored by the New York Institute of Credit.
Texport officials include export manager Carmer Robinson, former international vice president of Dixie Yarns, and Miguel Lozada, who has logged time with the Mexican Apparel Association and will head up operations in Latin America.