COTTON CONFAB: The organizations that promote the use of cotton in the U.S. and abroad are planning to tackle the knotty issues of international trade at a conference next month. Cotton’s Sourcing Summit, to be held in Miami Feb. 22-24, will focus on relations between U.S. importers and manufacturers in the Caribbean Basin, Andean region and sub-Saharan Africa.
Speakers are to include executives from J.C. Penney Co., Sears Roebuck & Co., Liz Claiborne Inc. and Polo Ralph Lauren Corp. Newsweek International editor Fareed Zakaria is slated to give the keynote address. The three sponsoring organizations are the Importer Support Program of the Cotton Board, Cotton Council International and Cotton Incorporated.
ANOTHER PRICE HIKE: Americas Filament, a division of DuPont’s Invista fiber unit, said Monday it plans to increase the price of its Dacron polyester filament yarns by 7 to 10 percent on Feb. 15. “Raw material costs have escalated severely over the past two years and are projected to rise further in the months ahead,” said sales manager Scott Kendrick in a statement. “Our business cannot afford to continue to absorb these increases at current filament prices.” Earlier this month, two makers of polyester staple — Wellman Inc. and DAK Fibers — said they planned to raise their prices, also effective Feb. 15.