Unifi Manufacturing, Inc. extended its yarn supply agreement with Hanesbrands Inc. for the first time since entering the agreement in November, 2009 to assure supplies for the apparel company's manufacturing operations in the Western Hemisphere.

 

Hanesbrands agreed in 2009 to purchase certain yarns from Unifi  to fulfill a substantial portion of HBI's products requirements in the Western Hemisphere. The First Amendment approved by both parties July 17 extends the initial term of the agreement until Dec. 31, 2013 and gives both parties options to extend it one year at a time thereafter. The First Amendment also includes updated pricing schedules for the products effective Jan. 1, 2012.

 

The prices for the products will be as set forth in the First Amendment or will be determined from time to time in accordance with the Agreement.