Gildan Activewear Inc., Montreal, plans to invest $5 million to revamp and operate a new yarn-spinning mill in Eden, N.C.
The new location will be the company’s fifth yarn-spinning mill in the state.
“We are very pleased to expand our operations in the Eden community and to invest in a new yarn-spinning facility,” says Chuck Ward, president of Gildan Yarns. “This will be the company’s seventh yarn-spinning facility in the U.S. We are particularly proud to contribute to creating an additional 85 jobs in Eden in the next year as we open and ramp up our new operation.”
One North Carolina Fund will donate a $250,000 performance-based grant to help facilitate the company’s new operation in Rockingham County. The One NC Fund provides financial assistance to local governments to help attract economic investment and create jobs. Companies receive no money upfront and must meet job-creation and capital-investment targets to qualify for payment, according to the organization. The One NC grant requires a matching grant from the local government in order for Gildan to receive the award.
“Gildan Yarns’ decision further solidifies our leadership in the textile industry,” says North Carolina Commerce Secretary Anthony M. Copeland. “North Carolina has more textile manufacturers than any other state and a world-class pipeline of textile talent to continue Gildan’s global operations.”
In addition to N.C. Commerce and the Economic Development Partnership of North Carolina, other partners in the project include the North Carolina General Assembly, North Carolina Community College System, Rockingham County Board of Commissioners, Rockingham County Economic Development Office and City of Eden. — D.S.
