Tuesday, October 21, 2008

UCO to Shut Down USA Mill

Raymond UCO has announced it will discontinue operations of its North Carolina denim mill. Close to 200 people will lose jobs by Christmas.

The joint venture between Raymond of India and UCO of Belgium has been quietly looking for a suitor for some time without success. In the current cash-crunched economy any remaining potential buyer is likely be foreign and looking for a steal during a fire sale.

1 Comments:

Blogger Kevin said...

That's sucks! UCO is awesome.

2/05/2010 10:29:00 AM  

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