ependent upon sales to Hanesbrands, Inc., a domestic customer that accounted for approximately 32% of the Nylon segment’s sales for the year ended June 29, 2014. Suppliers The primary raw material supplier for the Polyester segment is NanYa Plastics Corp. of America for Chip and POY. For the International segment, Reliance Industries, Ltd is the major supplier for POY. The primary suppliers of POY to the Nylon segment are HN Fibers, Ltd.; U.N.F. Industries Ltd. (UNF); UNF America, LLC (UNF America); Invista S.a.r.l.; Universal Premier Fibers, LLC; and Nilit US (Nilit). (Each of UNF and UNF America is a 50/50 joint venture between the company and Nilit.) Sales and Marketing The company employs an internal sales force of approximately 40 persons operating out of sales offices in the U.S., Brazil, China, El Salvador, Colombia, and Europe. The company relies on independent sales agents for sales in various other countries. Joint Ventures The company participates in Parkdale America, LLC, which is a joint venture between the company and Parkdale Incorporated that is a domestic cotton and synthetic spun yarn manufacturer. Business Strategies The company’s core strategies include continuously improving all operational and business processes; enriching its product mix by aggressively improving its PVA products and increasing its market share of compliant yarns; deriving value from sustainability based initiatives, including polyester and nylon recycling; increasing sales in global growth markets, including Central America, Brazil, and China; and maintaining its beneficial joint venture relationships. Research and Development For the year ended June 29, 2014, the company incurred $7,921 for research and development costs (including salaries and benefits of its personnel involved in those efforts) with respect to its product development or improvement initiatives. Intellectual Property REPREVE is the company’s primary trademark. The company licenses certain trademarks, including Dacron and Softec, from Invista S.a.r.l. Environmental Matters The company is subject to various federal, state, and local environmental laws and regulations limiting the use, storage, handling, release, discharge, and disposal of various hazardous substances and wastes used in or resulting from its operations (and to potential remediation obligations thereunder). These laws include the Federal Water Pollution Control Act; the Clean Air Act; the Resource Conservation and Recovery Act (including provisions relating to underground storage tanks); the Comprehensive Environmental Response, Compensation, and Liability Act; and various state counterparts. The company’s operations are also governed by laws and regulations relating to workplace safety and worker health, principally the Occupational Safety and Health Act and regulations thereunder, which establish exposure standards regarding hazardous materials and noise standards, and regulate the use of hazardous chemicals in the workplace. Competition The company’s major competitors for polyester yarns are O’Mara, Inc. and NanYa Plastics Corp. of America in the U.S.; AKRA, S.A. de C.V. in the North American Free Trade Agreement region; and C S Central America S.A. de C.V. in the U.S. and the Central American Free Trade Agreement region. The company’s major competitors in Brazil are Avanti Industria Comercio Importacao e Exportacao Ltda. and Polyenka Ltda. The company’s major competitors for nylon yarns are Sapona Manufacturing Company, Inc. and McMichael Mills, Inc. in the U.S. History Unifi, Inc., a New York corporation, was founded in 1969.
unifi inc (UFI:New York)
7201 West Friendly Avenue
Greensboro, NC 27419
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