Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 PGI Sales Continue To Climb - Nonwovens Industry

What are you searching for?

Sign in
Nonwovens News

PGI Sales Continue To Climb

Author Image

By: Karen McIntyre

Editor, Nonwovens Industry

First quarter sales grew 18.5% to reach $244.4 million during the first quarter ended April 2, 2005 at Polymer Group Inc., N. Charleston, SC. Profits increased 15.6% to $43.9 million. Sales growth was reportedly driven by higher volumes in all of the world regions in which PGI operates and increased selling prices implemented to partially offset rising raw material cots. Profits growth was attributed to improved product mixes and manufacturing efficiencies.

In light of the company’s strong performance and financial condition, PGI has retained JP Morgan Securities as its financial advisor to assist it in evaluating various strategic alternatives to maximize shareholder value, which could include, among other things, the sale or recapitalization of the company. A review of these alternatives is expected to be complete in the near future.

Add us as a preferred source on Google

Get the latest Nonwovens Industry news, insights and analysis in your Google Search and AI experiences.

Add Nonwovens Industry as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Nonwovens Industry Newsletters