| Business Summary | | Texfi
Industries,
Inc.
is
a
manufacturer
and
marketer
of
top
quality
woven,
dyed
and
finished
synthetic
fabrics.
Texfi
weaves,
dyes,
and
finishes
broadwoven
fabrics
from
textured
polyester,
flame
retardant
polyester,
and
polyester,
rayon,
and
wool
blends,
which
are
sold
worldwide
to
the
menswear,
womenswear
and
other
markets.
Texfi
produces
such
synthetic
woven
fabrics
as
polyester/wools
and
polyester/rayons
for
the
menswear
apparel
industry.
Texfi
manufactures
up-to-date
career
apparel
fabrics
including
polyester/rayon
blends
and
microfiber
polyester
fabrics
used
in
the
construction
of
womenswear
for
the
missy,
junior,
and
petite
consumer.
Texfi
also
manufactures
and
markets
decorative
fabrics,
including
an
inherently
flame-retardant
synthetic
fabric,
made
from
Trevira
FR
yarn,
which
is
popular
in
residential,
hotel
and
hospital
furnishings
such
as
bedspreads
and
curtains.
The
Company
manufactures
fabrics
for
police
uniforms,
baseball
caps,
napery
and
other
specialty
applications. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Texfi
Industries
manufactures
and
markets
a
diverse
line
of
textile
products
from
a
variety
of
raw
materials,
including
natural
and
synthetic
materials.
For
the
39
weeks
ended
7/30/99,
sales
decreased
30%
to
$75.2
million.
Net
loss
from
continuing
operations
before
extraord.
item
fell
6%
to
$7.5
million.
Revenues
reflect
lower
sales
volume
at
the
Company's
Blends
operations.
Lower
loss
reflects
reduction
in
fixed
costs
and
the
absence
of
restructuring
charge. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1998 Pay | |
| Andrew Parise, Jr., 51 Chairman,
Pres, CEO and Chief Operating Officer | $384K | Robert Ambrosini, 42 CFO,
Exec. VP- Fin. | 162K | Joseph Drum, 50 VP-
Manufacturing | -- | Tim Courtney, 59 VP-
Admin. | -- | Thomas Gilreath, 56 Corp.
Controller and Assistant Sec. | -- | Dollar amounts are as of 30-Oct-1998 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|