CRAiLAR® Flax Fibre Production Now Imminent
Our CEO Ken Barker announced yesterday at the Texworld 2011 Conference in New York that the we are fully prepared to begin shipping initial orders of CRAiLAR® Flax Fibre from our Kingstree, SC facility as early as March of this year and have developed the capacity to rapidly increase production thereafter to meet the demands of our development partners and to respond to increasing interest from new customers in the denim, workwear, home furnishings and knitwear markets.
“We are fortunate to have flax fibre harvested from previous seasons available in our warehouse, which allows us to begin production immediately,” Barker said. “Additionally, our CRAiLAR® technology unlocks the potential of flax straw harvested from the oilseed industry that can potentially be processed into yarn suitable for hosiery, denim, knitwear and home furnishings. Last year’s harvest produced an exceptionally high yield, giving us the ability to increase production very quickly.”
“The fibre industry is significant in size and complexity,” Barker said. “Developing flax strains capable of accessing all sectors of the industry is critical for our continued growth. Our research project has already resulted in 200 acres of flax being planted in the Kingstree region this past winter, which will be ready for harvesting this spring, adding to our production capabilities in the upcoming year.”
We announced in November of last year that we had concluded all of the trials with our commercialization partners, and as a result had received a short-term flax fibre supply agreement from Hanesbrands. We expect to complete commercialization agreements shortly.