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Home > Company Index > Manufacturing > Textile Manufacturing > Worldtex, Inc.

Worldtex, Inc.
OTC: WTXI
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 PROFILE
Covered elastic yarn is not just for pantyhose anymore. Worldtex makes covered elastic yarn products (about 60% of sales) and, through Elastic Corporation of America, narrow elastic fabrics (waistbands). Worldtex makes elastic products for use in socks, active wear, swimwear, and other apparel sold by many well-known manufacturers, including Calvin Klein, Fruit of the Loom (about 15% of sales), Giorgio Armani, Pierre Cardin, Donna Karan, and Jockey. The company, which has filed for bankruptcy and is restructuring, makes elastic yarn in about a dozen plants in Canada, Colombia, France, and the US. Worldtex also operates joint ventures in Estonia and India.

 COMPETITION
Unifi, Inc. (UFI)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 285.80
1-Yr. Sales Growth: 10.6%
Employees: 1,200
Revenue per employee: $238,166.67

 KEY PEOPLE
• Barry D. Setzer
    CEO
• Mitchell R. Setzer
    CFO

 CONTACT INFO
915 Tate Blvd. SE, Ste. 106
Hickory, NC 28602
US
Phone: 828-322-2242
Fax: 828-322-3617

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