Quote:
Originally Posted by milt
....Still, the purpose of high quality manufacturing is to not go out of business. It's a thin line you're dealing with.
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I hear that loud and clear. Case in point Polartec LLC, formerly Malden Mills.
Devoted CEO utterly determined to keep his textile company's production base in the USA. Plant suffers a fire in 1995, but CEO vows to continue to pay his employees while they rebuild. Sounds like a fairytale, but the downside is they experienced two bankruptcies, one in 2001, and another in 2007.
Fast forward, Polartec is still producing textiles in Massachusetts. A GREAT product, and one of the last textile co's stateside.
But they existed on the bleeding edge of bankruptcy for years.