Swift Galey forges two joint ventures with China textile group
Strenghtens global presence
Susan M. Andrews -- Furniture Today, November 8, 2005
ATLANTA -- Denim specialist Swift Galey, which supplies a number of upholstery manufacturers, is strengthening its global presence through two joint ventures with Lucky Textile Group, a Chinese weaving, dyeing, finishing and printing company.
Swift Galey will partner with Lucky in its existing dyeing and finishing facility, and the two companies also will construct a denim mill. The joint ventures, which must be approved by the Chinese government, are expected to be finalized by year’s end.The denim factory will have an initial capacity of 30 million yards a year, with plans to expand to 50 million. It will be another resource for U.S. companies that source slipcovers and slipcovered sofas in China.Swift Galey’s quick-turn and premium denim, however, will continue to be U.S.-made.“Partnering with a strong company like the Lucky Textile Group, which shares our vision and business values, gives us excellent global balance, with our Americas, European and Asian operations supporting each other,” said Swift Galey CEO John Heldrich.Lucky is a family-owned company that has been operating for more than 30 years.
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