|Exchange:||New York Stock Exchange|
|Unifi, Inc. is a New York Corporation formed in 1969. It is a publicly-traded, multi-national manufacturing company. The Company processes and sells high-volume commodity products, specialized yarns designed to meet certain customer specifications, and value-added yarns with enhanced performance characteristics and higher expected gross margin percentages. The Company sells its polyester and nylon products to other yarn manufacturers, knitters and weavers that produce fabric for the apparel, hosiery, sock, home furnishings, automotive upholstery, industrial and other end-use markets. The Company’s polyester yarn products include recycled polyester polymer beads (Chip), partially oriented yarn (POY), textured, solution and package dyed, twisted and beamed yarns. The Company’s nylon products include textured, solution dyed and covered spandex products. The Company maintains one of the industry’s comprehensive product offerings and has ten manufacturing operations in four countries and participates in joint ventures in Israel and the United States. In addition, the Company has a wholly-owned subsidiary in the People’s Republic of China engaged in the sale and promotion of the Company’s specialty and PVA products in the Asian textile market, primarily in China as well as into Europe. The Company’s operations are managed in three operating segments: Polyester Segment, Nylon Segment and International Segment. The polyester segment manufactures recycled Chip, POY, textured, dyed, twisted and beamed yarns with sales to other yarn manufacturers, knitters and weavers that produce yarn and/or fabric for the apparel, automotive upholstery, hosiery, home furnishings, industrial and other end-use markets. The polyester segment consists of manufacturing operations in the U.S. and El Salvador. The nylon segment manufactures textured nylon and covered spandex products with sales to knitters and weavers that produce fabric for the apparel, hosiery, sock and other end-use markets. The nylon segment consists of manufacturing operations in the U.S. and Colombia. The international segment’s products include textured polyester and resale yarns. The international segment sells its yarns to knitters and weavers that produce fabric for the apparel, automotive upholstery, home furnishings, industrial and other end-use markets primarily in the South American and Asian regions. The segment includes manufacturing and sales offices in Brazil and a sales office in China. The Company’s polyester segment has approximately 380 customers, its nylon segment has approximately 160 customers, and its international segment has approximately 610 customers in a variety of geographic markets. The Company employs a sales force of approximately forty persons operating out of sales offices in the U.S., Brazil, China, El Salvador and Colombia. The Company relies on independent sales agents for sales in several other countries. The Company licenses certain trademarks, including Dacron® and Softec™ from INVISTA. The Company competes not only as a yarn producer but also as part of a regional supply chain. The Company is subject to various federal, state and local environmental laws and regulations.|
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