PLEASE NOTE: This site uses cookies and similar technologies.

If you do not change your browser settings you are agreeing to their use.

Ecotexile News
Ecotexile News
Ecotexile News
Ecotexile News
Social Media
Home Twitter Facebook Linked In RSS Feed
Published on Tuesday, 14 April 2015

Crailar announces US$8 million loss

Written by Brett Mathews

Source: Wiki

VICTORIA – Crailar, the North American-based flax fibre manufacturer, has announced a net loss of US $8.2 million on sales of US $1.9m for the fourth quarter of 2014. The loss is said to be mainly due to costs associated with the idling of its South Carolina facility. The company, whose CEO Ken Barker resigned late last year, said that the fourth quarter loss was an improvement on the corresponding period in 2013 when it made a net loss of US $3.2 million on sales of US $0.4 million. Crailar has seen its share price plummet in the past 18 months as it looks to iron out production and operational issues at its European manufacturing facility in Belgium. Companies using Crailar Flax include HanesBrands and Target Corp.


THE ECOTEXTILE NEWS BACK ISSUE ARCHIVE

Job of the Week

Colouration Manager
Avocet Dye & Chemical Co. Ltd

Avocet Dye & Chemical Co. Ltd are seeking a Colouration Manager, reporting to the technical director. Would suit someone who has previously held the role of Dyehouse manager.

Need to advertise a job? Email: info@mclglobal.net to promote your listing through Careers in Textiles.

Reference Tools