Feedback Here

fbook  tweeter  linkin YouTube
Global contents also translated in Chinese

Cone’s White Oak to fade into the sunset

Post over 110 years of continuous production, Cone Denim’s factory in the city of Greensboro is to discontinue operations.

Kenneth Kunberger, President and CEO of International Textile Group, Inc. (ITG) announced that it will shut down operations at the Cone Denim White Oak Plant on December 31 this year.

The company disclosed that over the years’ changes in market demand have significantly reduced volumes at their factory and correspondingly it also will not be able to sustain itself with higher manufacturing costs. This closure will impact 200 workers.

Mr. Kunberger said, “We truly regret having to take this action to close operations, and we deeply appreciate the loyalty and dedication of all current and former employees of the White Oak Plant. Their talent, effort, innovation, dedication, and customer focus all combined to create a White Oak brand, heritage, and legacy that will forever be the heart of the Cone Denim business.”

Greensboro’s Mayor, Nancy Vaughan said: “This loss is regrettable, as Cone Denim has long been an important part of our City’s history and heritage. That will not change, especially as International Textile Group will retain its headquarters, community involvement, product development and other corporate and division activities in Greensboro. We remain optimistic about Greensboro’s employment prospects, as we chart an aggressive path toward new economic development with our regional partners.”

 
LATEST TOP NEWS
 


 
MOST POPULAR NEWS
 
VF Logo