$15-Million Capital Program Approved
A CHRISTMAS MESSAGE
FROM OUR PRESIDENT
As we approach the close of 1968, I am confident that
this will prove to be one of the most successful years in
the Company’s history. Our sales and earnings set new
records for the first nine months and business is continu
ing at a satisfactory level. The higher sales and earnings
are due in part to the general upturn in the country’s re
tail business, but they also reflect the individual contribu
tions made by all of you.
During 1968 our Company celebrated its 15th year as
a separate corporation and during this period has exper
ienced remarkable growth and improvement. Since 1953
Fieldcrest has emerged as one of the leading designers,
manufacturers and marketers of quality textile products
for the home.
I want to express my appreciation to each of you for
your strong support. Your skillfulness, your loyalty and
your dedication to your responsibilities, as demonstrated
through the years, have made Fieldcrest the successful
Company that it is today.
On behalf of our Directors and all of my associates in
the management group, I extend to all of you and your
families our sincere best wishes for a Merry Christmas
and a Happy New Year.
G. W. Moore
President
Directors of Fieldcrest Mills, Inc. have
authorized expenditures in 1969 of $15
million for modernization, expansion and
miscellaneous improvements at the mills.
Individual projects will be announced as
arrangements are completed.
G. W. Moore, company president, re
ported on four projects for which con
tracts have been let or orders placed.
Mr. Moore announced an expansion at
the Columbus Towel Mill, Columbus, Ga.,
involving the purchase of 50 latest-model
terry looms, additional dyeing and other
supporting equipment.
The new looms, needed for additional
towel production, will be installed in
space formerly occupied by ticking looms.
The first shipment of the new looms is
expected in February and all are due to
be in operation in the early spring.
At the present time, the mill does not
anticipate any considerable increase in
employment due to this program.
In a related project, there will be ex
pansion and improvements at the Worth-
ville Spinning Mill, Worthville, which
makes some of the yarn used by the
Columbus Towel Mill.
The Worthville project calls for eight
new twisters to be installed, the carding
equipment updated and other yarn mak
ing equipment modernized.
At Arlington, Texas, a new addition
will double the size of the present Dallas
Service Center, making it a 60,000 square
foot facility.
Work already is under way on the addi
tion, necessitated by customer demands in
that area. The project is scheduled for
completion in the spring of 1969.
At the Fieldale Towel Mill, Fieldale,
Va., the Sewing Department is to be air
conditioned. This will complete the air
conditioning of the entire mill. All other
manufacturing departments were air con
ditioned under earlier programs.
Mr. Moore said the $5 million expan
sion carried on at the Fieldale Towel Mill
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