AJX 0.00% 1.1¢ alexium international group limited

Ann: Alexium Signs Supply Agreement with Soft-Tex, page-37

  1. 2,928 Posts.
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    A good article re our new partner Soft-Tex’s growth:

    https://textilevaluechain.in/2020/07/25/soft-tex-international-growth/

    Home HOME TEXTILES
    Soft-Tex International Growth
    July 25, 2020



    WATERFORD, N.Y. – Soft-Tex International said it has more than doubled its production capacity at its factory here and through other U.S.-based production partners in response to surging demand for its products.
    The company said the moves are part of its commitment to continued expansion of U.S.-based supply chains for the company’s bedding product lines.
    Soft-Tex said the growth has been driven primarily by fiber filled and hybrid pillows and fiberbed product lines featuring proprietary technologies like Reactex cooling, MemoryLoft and SofLoft fills, and Ultra-Fresh branded antimicrobial treatments.
    The growth has driven significant hiring of production and shipping workers, including the launch of extra shifts and specialized training classes for sewers, the company said.
    In addition to the current growth, Soft-Tex has launched a corporate initiative to expand U.S.-based production by at least 20% a year for the next five years and is actively looking to increase domestic production capabilities through launching of a merger and acquisition task force.
    With these initiatives, Soft-Tex has joined SEAMS, and is looking forward to partnering with other SEAMS members and other manufacturing and supply chain partners in furthering SEAMS’ mission to expand domestic production, officials said.
    “As Soft-Tex continues to source high quality products and materials globally, we see a tremendous opportunity to continue accelerating our domestic manufacturing,” said Scott Thayer, Soft-Tex chief innovation officer. “This is particularly important to us as we expand into new business channels and products.”
    Soft-Tex cited recent consumer research showing significant consumer demand for products made in the United States. It said that domestic production provides retailers with the speed to market they need.
    Last edited by Dakoda: 11/08/20
 
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