American Fibers & Yarns closes two US plants; files for bankruptcy protection

American Fibers & Yarns Co. (AF&Y), a major supplier of solution-dyed polypropylene filament yarns has shuttered its two plants in Bainbridge, Georgia, and Afton, Virginia. The reasons cited for the decision are the increased outsourcing in upholstery fabrics, high PP resin prices, competition from the polyester products and availability of low cost imports. AF&Y plans to liquidate its assets under Chapter 11 bankruptcy protection and its decision will result in approximately 330 people loosing their jobs. AF&Y supplied solution-dyed PP filament yarns for residential and contract furnishings fabrics, industrial, automotive and apparel applications under the name Marquesa® and Innova® yarns.
  More News  Post Your Comment

Previous News

Next News

{{comment.Name}} made a post.




There are no comments to display. Be the first one to comment!


Name Required.


Email Id Required.

Email Id Not Valid.


Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.

Message Required.

Click to Change image  Refresh Captcha