INDIAN THREADS: A large American sewing thread maker is helping a company in India improve its technology and market its products globally.
Threads USA, Gastonia, N.C., a $100 million manufacturer, has signed a joint venture agreement with GSL Ltd., New Delhi, a $38 million maker of specialty yarns, to produce and market thread in India.
Under the agreement, GSL and Threads USA will establish a $90 million plant in the western state of Gujarat in three phases. The exact stake each company has in the plant was not disclosed.
The first phase, to be completed by the end of 1995, is a 17,280-spindle plant that will produce polyester spun sewing threads. The second phase, slated to begin production in 1996, with 24,960 spindles, will manufacture cotton and industrial threads. The final phase, also on schedule for 1996, will include 12,480 spindles for the production of polyester and polyamide filament sewing and industrial threads.
As much as 70 percent of the plant’s production will be exported, with Threads USA buying the bulk of it, GSL and Threads USA officials said.
“We will be setting up joint distribution centers for supplying sewing threads to end users in the United States, Europe and Asia,” said Sam Mirchandani, GSL’s director.
Threads USA’s top U.S. clients include Wrangler and Levi Strauss.
WOOLARD’S FRENCH FETE: DuPont’s chairman and chief executive officer, Edgar S. Woolard Jr., has been selected to receive the 19th International Palladium Medal, given by the American Section of the Societe de Chimie Industrielle (The French Chemical Industrial Society).
Woolard will receive the medal, given to an individual who has made “outstanding contributions to the world chemical industry,” at a reception at New York’s Plaza Hotel May 17.
Woolard, who has been DuPont’s chairman and ceo since 1989, led the company to record earnings of $2.4 billion in fiscal 1994.
“[Woolard’s] contributions to both DuPont and the chemical industry during the past six years have been outstanding,” said Paul Copp, award chairman. Copp noted that the award was established in 1961 and is given only when a person “is deemed worthy.”
“His ongoing work in the areas of environmental stewardship and regulatory reform are excellent examples of his leadership,” Copp said.
Dow Chemical’s chairman, Frank Popoff, received the medal last year.
PORTLAND’S FABRIC FAIR: Nearly 100 manufacturers of activewear and sportswear fabric, along with footwear products suppliers, will be showcased at the Northwest Apparel and Footwear Materials Show, slated for March 22-23 at the Marriott Hotel, Portland, Ore.
The show, which was known as the Northwest Fabric Fair, is sponsored by American Classic Events, Portland.
Among the companies that will be featured are Burlington Industries — both the Klopman and Knitted Fabrics divisions — Native Textiles, Guilford Mills, Travis Textiles, H. Warshow & Sons and Naturally Knits.
The event follows the Nike Vendor Fair, March 21, also at the Mariott. Many of the same fabric resources will exhibit there as well.