UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

~~the~~The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~May 24, 2006~~

~~PROPEX~~August ~~FABRICS~~14, ~~INC.~~2006

Propex Inc.

(Exact name of registrant as specified in its charter)

Delaware	333-122829	36-2692811
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
(State or Other Jurisdiction of Incorporation or Organization)	(Commission File Number)	(I.R.S. Employer Identification Number)

~~260~~6025 ~~The~~Lee ~~Bluffs~~Highway, Suite 425, Chattanooga, Tennessee 37421

~~Austell,~~(Address ~~Georgia~~of ~~30168~~Principal Executive Offices)

(~~Address~~423) of855-1466 ~~principal executive offices, including zip code)~~

(~~770~~Registrant’s Telephone Number, Including Area Code) ~~941-1711~~

~~(Registrant’s~~Check ~~telephone~~the ~~number,~~appropriate ~~including~~box ~~area~~below ~~code)~~if the form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

~~Check~~¨ ~~the~~Written ~~appropriate~~Communications ~~box~~pursuant ~~below if the Form 8-K filing is intended~~ to ~~simultaneously~~Rule ~~satisfy~~425 ~~the~~under ~~filing obligation of~~ the ~~registrant~~Securities ~~under~~Act ~~any~~(17 ofCFR ~~the following provisions:~~ 230.425)

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2 (b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))

Item 12.02. ~~Termination~~Results of aOperations ~~Material~~and ~~Definitive~~Financial ~~Agreement~~Condition.

OnAttached ~~May 25,~~as ~~2006,~~Exhibit ~~Propex Fabrics Inc~~99.1 ~~(the~~is ~~“Company”)~~a ~~received~~copy ~~notice~~of ~~from~~a ~~Shaw~~press ~~Industries~~release ~~Group, Inc. (“Shaw”)~~ of ~~Shaw’s~~Propex ~~intention to terminate a Toll Processing Agreement~~Inc., dated ~~as of October~~August 14, ~~2005 (the “Agreement”)~~2006, byreporting ~~and~~Propex ~~between~~Inc.’s ~~Shaw~~results ~~and~~for SIthe ~~Corporation,~~three and the ~~predecessor~~six tomonths SIended ~~Concrete Systems Corporation~~June 30, ~~which the Company acquired in January~~ 2006. ~~The~~Such ~~notice states~~information, ~~that~~including the ~~Agreement~~Exhibit ~~will~~attached ~~terminate effective as of February 28~~hereto, ~~2007.~~shall ~~The~~not ~~Agreement~~be ~~was~~deemed ~~entered~~“filed” ~~into~~for aspurposes ~~part~~ of SISection 18 ~~Corporation’s sale~~ of ~~its carpet backing related assets to Shaw in October 2005 and provides for~~ the ~~Company’s manufacture~~Securities Act of ~~certain carpet backing products for Shaw at the Company’s Ringgold~~1934, GAnor ~~plant.~~shall ~~Shaw~~it ~~terminated~~be ~~the~~deemed ~~Agreement,~~incorporated ~~without~~by ~~cause,~~ reference in ~~accordance~~any ~~with~~filing ~~the~~under ~~terms of~~ the ~~Agreement.~~Securities ~~The~~Act ~~termination~~ of ~~this~~1933, ~~Agreement~~except isas ~~expected~~shall ~~to negatively~~be ~~impact~~expressly ~~the~~set ~~Company’s~~forth ~~future earnings before interest and taxes~~ by ~~approximately~~specific ~~$4.0~~reference ~~million~~in ~~per~~such ~~year~~filing. ~~The Company will continue to provide Shaw with manufacturing services under the Agreement until the termination date.~~

Item 59.~~02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers~~01(c). Exhibits.

AsExhibit ~~previously disclosed in a Current Report on Form 8-K filed on May 8, 2006, Mr~~99. ~~Lee~~1 ~~McCarter~~Press ~~will~~Release ~~succeed~~of ~~Mr. Philip~~Propex ~~Barnes as the Company’s Chief Financial Officer~~Inc., ~~effective~~dated ~~January 2,~~August ~~2007. On May 24~~14, 2006, ~~the~~reporting ~~board~~Propex ~~of directors of the Company approved the promotion of Mr~~Inc. ~~McCarter to Executive Vice President, Chief Financial Officer and Assistant Treasurer, effective immediately. Until Mr. Barnes~~’ ~~departure from the Company on January 1, 2007, Mr. Barnes will continue to serve as the Company’~~s ~~primary CFO (including the Company’s principal~~ financial ~~and~~results ~~accounting officer)~~ for the ~~balance~~ ofthree ~~the year focusing on the Company’s worldwide operations, external reporting~~ and ~~transitioning~~ the ~~finance~~six ~~function~~months toended ~~the~~June ~~new Chattanooga~~30, ~~TN headquarters~~2006. ~~Mr. McCarter will also serve as a CFO focusing on North American operations and making preparations to become the Company’s primary CFO upon Mr. Barnes’ departure at the beginning of 2007.~~

~~Also~~SIGNATURES on May 24, 2006, the board of directors of the Company approved the promotion of W. Michael Coffin to Executive Vice President and Chief of Operations. Mr. Coffin, 58, was previously associated with SI Corporation and became SI’s Executive Vice President of Operations in August 2003. From October 2000 until that time he held the position of Chief Information Officer. Prior to joining the Company, Mr. Coffin accumulated 25 years of business process design, operational improvement and information technology experience with BASF and its subsidiaries, where he held various senior management positions. He has led a number of domestic and international business restructuring efforts and information systems implementations. He also founded and managed a privately held construction and real estate development business. He earned a Bachelor’s in Business Administration from Limestone College.

~~-2-~~Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Item 8.01 Other Events.


	PROPEX INC.
	(REGISTRANT)

Date: August 14, 2006	By:	/s/ PHILIP BARNES
		Philip D. Barnes
		Vice President, Chief Financial Officer, and Treasurer

OnExhibit ~~May 24,~~Index 2006, the board of directors of the Company approved the change of the Company’s name from “Propex Fabrics Inc.” to “Propex Inc.” Upon approval of the name change by the Company’s sole stockholder, the Company will file a Certificate of Amendment to its Certificate of Incorporation with the Secretary of State of the State of Delaware to effect the name change.

~~SIGNATURE~~Exhibit No.

~~Pursuant~~Exhibit to99.1 ~~the~~Press ~~requirements~~Release of ~~the~~Propex ~~Securities~~Inc., ~~Exchange~~dated ~~Act~~August ~~of 1934~~14, ~~as amended~~2006, ~~the~~reporting ~~registrant~~Propex ~~has~~Inc.’s ~~duly~~financial ~~caused~~results ~~this~~for ~~report~~the tothree beand ~~signed~~the onsix ~~its~~months ~~behalf~~ended byJune ~~the~~30, ~~undersigned hereunto duly authorized~~2006.

	PROPEX FABRICS INC.
Dated: May 31, 2006	By:	/s/ Philip D. Barnes
		Philip D. Barnes
		Vice President, Chief Financial Officer and Treasurer

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