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Amco News
VOLUME 51, NUMBER 4
AUGUST 1995
Company Reaches ’95 Profit Goals
For the third time in the
last four years, Adams-
Millis has met or exceeded
all of its annual profit goals.
For fiscal year 1995,
which ended June 30, prof
its climbed 16 percent; re
turn on investment rose
four points; and unit vol
ume increased eight per
cent.
“Overall, it was a very
good year,” says Chief Ex
ecutive Officer Rich Noll.
“We are very pleased, es
pecially in light of the very
difficult year we had in fis
cal 1994. In addition, we
also laid the groundwork
for future growth.”
Noll says increased sales
of Hanes and Hanes Her
Way products made a ma
jor contribution to profits.
Branded sales for those two
lines were 17 percent
higher in 1995 than during
the previous year.
The improved sales re
RICH NOLL
suits were a factor of ex
panded distribution to ex
isting accounts and the in
troduction of new products.
“Both of these will pay sub-
and beyond,” Noll says.
For the first time in sev
eral years, Adams-Millis in
1995 increased prices for
Hanes and Hanes Her Way
stantial dividends in 1996 socks four to six percent.
depending on the product
line. Noll says the highly
competitive nature of the
sock business would not
allow price increases in
previous years.
“Our productivity per
employee reached the high
est level in company his
tory in 1995. Increasing
efficiency at the Barnwell
plant was a key reason for
this achievement. We pro
duced a record total of 20.1
million dozens in 1995,” he
says.
There also was a signifi
cant increase in the com
pany’s level of customer
service during 1995. On-
time shipments rose from
92.7 percent to 93.2 percent.
The amount of produc
tion waste in 1995 was re
duced from historical lev
els of two percent down to
a little more than one per
cent.
However, the percentage
of irregulars jumped
back to almost six per
cent in 1995 after being
around four percent in
1994. Box stock quality
improved from 95 percent
to 95.4 percent.
The company’s safety
record improved during the
year and now stands near
the corporate average for
Sara Lee. “Our safety per
formance is a credit to ev
eryone in the company be
cause each of us is respon
sible for safety,” Noll says.
“We owe it to each other to
provide a safe working en
vironment.”
Over the last two years,
the employee benefit pack
age also has been im
proved. The vacation ben
efit was improved in 1995
to give an extra week of
vacation to many longer-
term employees.
“One of our challenges
Continued on page 4
\
From United Fund
Ml Airy’s Hopkins
Gets Extra-Mile Award
At a time when many
fundraising efforts were
faltering. Mount Airy
mounted a United Fund
campaign in 1994 that re
corded one of the best per
formances in the state.
The person behind the
excellent results was Larry
Hopkins, human resources
manager for Adams-Millis
in Mount Airy.
In appreciation for his
hard work, unselfish work
and innovative ideas, T. J.
Payne of the Mount Airy
Chamber of Commerce in
May presented Hopkins
with its “Extra Mile
Award.” The honor is be
stowed by the Chamber on
speeial occasions to recog
nize individuals who go be
yond the call of duty in
making contributions to
their community.
Hopkins was quick to
acknowledge that running
the campaign was far from
a one-person effort. “We
had a great staff. The men
and women who served as
our division chairpersons
deserve much of the credit
for our success,” he said.
Under Hopkins’ direc
tion, the 1994 United Fund
campaign in Mount Airy
was a huge success.
Working with a goal of
$340,000, the volunteers
led by Hopkins raised
more than $400,000, or
17-plus percent higher than
the goal. The record was
third best among all North
Carolina cities and was tops
in Mount Airy’s division.
“When we had the kick
off for the campaign in
September of last year, one
of the challenges to the
companies was to be more
creative in their internal
campaigns,” Hopkins said.
“Mount Airy had won an
All-America city award
Continued on page 9
CELEBRITY VISIT — Entertainer Gary
Mule Deer visited children at Welbom
Middle School in High Point during the
Crosby National Celebrity golf tourna
ment in May. He spent time with a number
of students during the visit, which is part of
the Crosby Ambassadors Program. Welbom
is Adams-Millis’ school partner.
Publication of Amco News Resumes
After more than a
year of absence, the
Amco News is being re
vived.
The newspaper will
be edited by Bob Hoots,
director of Human Re
sources in High Point. It
will be published four
times each year.
Human Resources
managers at each
Adams-Millis location
will be joined by local
reporters who identify
story ideas and informa
tion for the newspaper.
“Many people have
told us that they wanted
us to resume the news
paper,” Hoots said. “We
plan to have our second
issue in November and
the third issue early next
year.”
The Amco News has
been published for 51
years and shares infor
mation throughout the
company about events,
decisions and activities
that affect or involve
employees.