Breaking News

PGI Sales Continue To Climb

May 4, 2005

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.
  • Advances in Ultrasonics

    Advances in Ultrasonics

    Tara Olivo, associate editor||January 2, 2017
    Ultrasonic suppliers’ improved bonding systems allow for softer, more comfortable absorbent hygiene products.

  • Private Label: Not About No Frills Anymore

    Karen McIntyre, Editor||January 2, 2017
    Competition in the diaper market focuses on quality, not value.

  • Hygiene Machinery Review

    Karen McIntyre, Editor||January 2, 2017
    The growing importance of adult incontinence plus a widespread need for increased flexibility has changed the game for makers