Textile machinery and equipment are essential business assets. Despite the clear purpose they serve, their precise value is not always clear. Knowing the initial purchase cost of the textile equipment is not enough. This amount does not reflect the amount others would...Read More »
Obtaining a textile mill equipment appraisal is a strategic move for businesses. The value of machinery and equipment holds immense significance. It can influence crucial decisions for growth and sustainability. In this article, we identify steps for obtaining a...Read More »
Textile mills produce textile products by spinning yarn from various fibers. According to IBIS World, there are over 12,600 textile mills in the United States. Together, these businesses generate over $8 billion per year. In the coming years, we can expect healthy...Read More »
The textile mill industry includes businesses that spin and manufacture various fibers into an array of textile products. Most notably products include yarn, woven and nonwoven fabrics, window curtains and drapes, linens, bags and canvas, and other textile products....Read More »
The textile mill industry experienced many changes in production demand throughout the pandemic. Demand from apparel manufacturers decreased 4.7%, while demand from the automotive and homeowners increased. Textile mills’ biggest competition comes from foreign...Read More »
