July 12, 2014 4:30 AM ET

Textiles, Apparel and Luxury Goods

Company Overview of Propex Operating Company, LLC

Company Overview

Propex Operating Company, LLC designs, develops, and delivers performance fabrics for various applications. The company offers geosynthetic reinforcement and geotextile fabrics; microsynthetic, macrosynthetic, blended, and steel fibers; specialty fabrics for agriculture, military, mining, environmental, and industrial applications; composites made from polypropylene; and furnishing solutions for various applications. Its products are used in soil and erosion control, concrete reinforcement, building weatherization, industrial packaging, impact protection, and carpet backing applications. The company serves customers worldwide. Propex Operating Company, LLC was formerly known as Propex Inc. a...

1110 Market Street

Suite 300

Chattanooga, TN 37402

United States

Founded in 1884

3,200 Employees

Phone:

423-855-1466

Fax:

423-899-5005

Key Executives for Propex Operating Company, LLC

Chief Executive Officer and President
Chief Financial Officer
Age: 58
Chief Operating Officer
Managing Director of Brazil Region
Age: 62
Executive Vice President Global Sales and Marketing
Compensation as of Fiscal Year 2014.

Propex Operating Company, LLC Key Developments

Propex Plans to Close Georgia Plant over the Next Six Months

Propex will shutter its 1 million-square-foot Nashville, Ga., plant over the next six months, transferring operations to the company's existing Hazlehurst, Ga. facility. The move will cost 180 jobs in Nashville, Ga., which is located in South Georgia near Valdosta. Propex will add 145 jobs at its Hazlehurst plant to consolidate production there, and could eventually add more as it brings its Isis modular polyester carpet backing to market. Propex, which had 2.4 million square feet of woven production capacity before the move and struggled to fill the space amid a general malaise in the economy, will now be close to full at its 1.4 million-square-foot Hazlehurst plant when the move is complete. The company also cut 10 sales positions at its headquarters office.

Propex Operating Company, LLC Consolidates Production

Propex Operating Company, LLC announced plans to consolidate most of the woven geotextiles produced in their Nashville, Georgia plant to the Hazlehurst, Georgia production facility over the next six months. This move is in response to Propex's North American excess capacity, which is a direct result of Federal defense cuts, stimulus elimination and the industry's shift to non-woven products.

Propex Operating Company, LLC Announces Georgia Expansion Plan

Propex Operating Company, LLC announced that it will expand its carpet backings manufacturing facility in Hazlehurst, GA, adding jobs and investing in the future of manufacturing in Georgia. The expansion specifically involves investment of capital to increase capacity to produce Isis(R), a new innovative platform of backings used in the manufacturing of commercial carpet tile.

Similar Private Companies By Industry

Company Name Region
Avanti Linens, Inc. United States
William Gilbey, Inc. United States
tmax Gear, LLC United States
Exclusive Diamonds, Inc. United States
ICF Industries, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Bankruptcy
May 4, 2014
GSE Environmental, LLC
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Propex Operating Company, LLC, please visit www.propexglobal.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.