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Unifi sells plant

The US yarn maker Unifi INC announced last week that it is selling its plant and equipment from its shuttered Irish sites for $37 million. The Greensboro, NC-based company closed its Textured Yarns Europe division, based in Letterkenny, Ireland, at the end of October 2004, due to unprofitability. This cost around 300 employees their jobs. The...

28 Feb 2005