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Essay on Milliken & Company: Nylon, Polyester and Spandex
Milliken is one of the few U.S. mills still enthusiastically pursuing proprietary, trademarked fabrics. Furthermore it is perhaps the largest confidentially owned mill in the world. At the same time as much of its volume comes from home furnishings and industrial fabrics, it is still a major player in apparel fabrics, especially for menswear. Trademarked fabrics include Visa; Visa Endurance (a new fabric that controls odor for the life of the garment and provides moisture management), Comfort ease and Clear guard (stain and wrinkle resistant fabrics) and Stain Smart (a fabric that resists stains and allows ground-in stains to wash out easily). Partners with retailers to develop apparel programs. It is a privately held manufacturer of finished fabrics for rugs and carpets, as well as other synthetic fabrics. It also makes chemicals and petroleum products. It is headquartered in Spartanburg, South Carolina and employs about 14,000 people.
The company recorded revenues of approximately $3400 million during the fiscal year ended November 2003, a decrease of 5.6 % from fiscal 2002. Milliken is a producer of textile and chemical products. Its employees work in more than 60 facilities worldwide, including in the US, Australia, Belgium, Brazil, Denmark, France, Germany, Japan, Spain and the UK. It has developed more than 38,000 different textile and chemical products. Milliken offers carpets, chemicals, automotive furnishings, apparels, specialty, technical and industrial textiles, and dust control products.( Business Wire (2005)
The textile industry has a long history in the United States, dating back to the beginning of the Industrial Revolution. In spite of competition from textile producers in South America and Asia, which have lower costs and lower wages, textile remains one of the largest, most diverse, and most dynamic segments of the U.S. manufacturing sector. In 1992 the industry produced a record US$70 billion in shipments and employed an estimated 630,000 people....
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