31324 - Knit Fabric Mills
When it comes to the textile manufacturing industry, NAICS code 31324 - Knit Fabric Mills plays a crucial role. This specialized classification identifies establishments primarily engaged in knitting fabric from yarns or fibers, supplying essential materials for apparel, home furnishings, and numerous textile products. Whether you're a business owner, supplier, or researcher, understanding NAICS 31324 helps navigate the manufacturing sector more effectively.
What is NAICS Code 31324 - Knit Fabric Mills?
NAICS 31324 defines establishments known as Knit Fabric Mills. These businesses primarily focus on knitting fabric from yarns or fibers through various technical processes.
What This NAICS Code Covers:
- Knitting fabric from yarns or fibers
- Manufacturing knit fabrics used in:
- Apparel and garments
- Home furnishings such as upholstery and curtains
- Industrial textile applications
- Producing different knit fabric types including circular, flat, and warp knitting fabrics
Sector and Business Activities
Sector:
Manufacturing
Typical Business Types and Activities:
- Circular Knit Fabric Mills: These mills produce tubular fabric by knitting in a circular pattern, ideal for seamless garments.
- Flat Knit Fabric Mills: Fabric is knitted on flat knitting machines, producing sheet fabrics used in high-quality apparel.
- Warp Knit Fabric Mills: Utilize warp knitting machines to produce durable, stable knit fabrics commonly used in sportswear and technical textiles.
Size Standards for NAICS 31324
To qualify under NAICS 31324, businesses must meet the Small Business Administration (SBA) size standards, which generally classify knit fabric mills according to:
- Employee Limit: Typically 500 employees or fewer
- Annual Receipts: Varies, but usually in the range of $30 million or less
Meeting these standards can make businesses eligible for government contracting opportunities, grants, and other support programs.
Examples of Businesses Under NAICS 31324
- A circular knit fabric manufacturer producing seamless knit apparel fabrics.
- A factory specializing in flat knit fabrics for luxury sweaters and cardigans.
- A warp knit mill supplying technical textiles for automotive interiors or athletic gear.
- Small to mid-sized textile firms knitting custom fabrics for local fashion brands.
NAICS Code 31324 Details Table
| Item | Description |
|---|---|
| NAICS Code | 31324 |
| Title | Knit Fabric Mills |
| Description | Establishments knitting fabric from yarns/fibers for various applications |
| Sector | Manufacturing |
| Typical Business Types | Circular knit fabric mills, Flat knit fabric mills, Warp knit fabric mills |
| Size Standard (SBA) | 500 employees or fewer; Annual receipts approx. $30 million or less |
| Primary Products | Knit fabrics for apparel, home furnishings, industrial textiles |
Frequently Asked Questions (FAQs)
What types of knit fabrics are covered under NAICS 31324?
NAICS 31324 includes circular knit, flat knit, and warp knit fabrics produced for apparel, home furnishings, and technical textile applications.
How does NAICS code 31324 differ from other textile manufacturing codes?
While other NAICS codes cover woven fabrics or nonwoven textiles, 31324 specifically pertains to the knitting process used to create knit fabrics.
What size qualifies a business as small under this code?
Typically, businesses with 500 or fewer employees or with annual receipts up to approximately $30 million are considered small under SBA standards for NAICS 31324.
Can NAICS 31324 businesses participate in government contracts?
Yes, eligible small businesses under this NAICS code can compete for government contracts, grants, and other procurement opportunities in the manufacturing sector.
Why is understanding NAICS 31324 important for textile businesses?
It helps businesses classify themselves correctly, gain access to targeted market insights, federal programs, and understand the competitive landscape in knit fabric manufacturing.
Conclusion
NAICS code 31324 - Knit Fabric Mills represents a vital segment of the manufacturing industry, focused on producing high-demand knit fabrics for various end uses. Understanding this classification, sector details, and size standards can help businesses optimize their operations and explore government contracting opportunities. If you’re involved in textile manufacturing, aligning with NAICS 31324 is essential to position your company effectively in the market.
Keywords: NAICS code 31324, Knit Fabric Mills, knit fabric manufacturing, circular knit fabric, flat knit fabric, warp knit fabric, textile manufacturing sector, small business size standards, SBA NAICS codes
