SIC 22 - Textile Mill Products
This major group includes establishments engaged in performing any of the following operations: (1) preparation of fiber and subsequent manufacturing of yarn, thread, braids, twine, and cordage; (2) manufacturing broadwoven fabrics, narrow woven fabrics, knit fabrics, and carpets and rugs from yarn; (3) dyeing and finishing fiber, yarn, fabrics, and knit apparel; (4) coating, waterproofing, or otherwise treating fabrics; (5) the integrated manufacture of knit apparel and other finished articles from yarn; and (6) the manufacture of felt goods, lace goods, non-woven fabrics, and miscellaneous textiles. This classification makes no distinction between the two types of organizations which operate in the textile industry: (1) the integrated mill which purchases materials, produces textiles and related articles within the establishment, and sells the finished products; and (2) the contract or commission mill which processes materials owned by others. Converters or other nonmanufacturing establishments which assign materials to contract mills for processing, other than knitting, are classified in nonmanufacturing industries; establishments which assign yarns to outside contractors or commission knitters for the production of knit products are classified in Industry Group 225.
Industry trends:
The Utilities sector (NAICS 22) is experiencing significant transformation driven by advancements in technology and evolving regulatory landscapes. One of the most prominent trends is the rapid adoption of smart grid technologies, which enhance efficiency, reliability, and sustainability of electricity distribution. These systems leverage advanced sensors, communication networks, and data analytics to optimize energy usage and manage demand in real-time. As a result, utilities are increasingly investing in digital infrastructure to support this transition.
Renewable energy sources such as wind, solar, and hydro are becoming more prevalent in utility portfolios, driven by decreasing costs and favorable government policies aimed at reducing carbon emissions. This shift towards greener energy is necessitating substantial investment in energy storage solutions and grid modernization to accommodate variable power generation from renewables. Additionally, there is a growing emphasis on decentralized energy resources and microgrids, which empower communities and businesses to generate and manage their own energy locally, enhancing resilience against outages.
Looking ahead, the sector is expected to witness further integration of artificial intelligence and machine learning applications to predict maintenance needs, optimize grid operations, and personalize customer energy usage experiences. Regulatory bodies are likely to continue pushing for stricter environmental standards and renewable energy targets, compelling utilities to innovate and diversify their energy mix further. The convergence of these trends indicates a continued move towards a more digital, sustainable, and customer-centric utility industry in the near future.
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- Employees
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- Total Assets
- Ownership Type
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