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Burke Hosiery Mills Inc history
Burke Hosiery Mills Inc company history timeline
In 1901, the Waldensian Hosiery Mills was established in Valdese.
The minimal amount of alluvial soil in the valleys did not allow them to create farms like those they had known in the lush Italian valleys, according to Edward W. Phifer, Jr., in his Burke: The History of a North Carolina County, 1777-1920.
1948: Burkyarns Inc. is founded.
Shaikh became president of the company in 1981 and chairman the following year.
Increased demand for package dyed yarns and a continuing strong economy during 1994, coupled with Burke Mills's marketing efforts focused on the home and automotive upholstery markets, brought 1994 sales to $36.2 million and created a backlog of $3.9 million for that fiscal year.
Yet, during 2000, the price of raw yarn continued to rise, and sales continued to decline.
During 2002, the company faced an exceedingly competitive market, a shrinking customer base, erosion in the quality of customer credit, major increases in the cost of natural gas, fuel oil, and insurance, and heavy competition from Asian imports.
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Burke Hosiery Mills Inc competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Nucraft Furniture | 1944 | $13.6M | 200 | 1 |
| Hoffinger Industries | 1945 | $10.0M | 100 | - |
| Viking Range | 1981 | $180.0M | 575 | 13 |
| PAiINC | 1929 | $140.0M | 835 | - |
| Boutwell Owens | 1887 | $45.7M | 100 | - |
| Walters Gardens | 1941 | $17.5M | 200 | 9 |
| Trevco | 1989 | $160,000 | 50 | 9 |
| Industries For The Blind Inc | - | $370,000 | 7 | - |
| Perry Manufacturing Company, Inc. | 1950 | $790.0M | 4,000 | - |
| Workwear Outfitters | 1923 | $850.0M | 3,000 | - |
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Burke Hosiery Mills Inc may also be known as or be related to Burke Hosiery Mills, Burke Hosiery Mills Inc and Burke Mills, Inc.