Gildan Yarns, a Canada-based yarn-spinning company in the spinning division of Gildan, has plans of investing $5 million in order to revamp and operate a new yard spinning mill in Eden, North Carolina. With this investment, the company expects to create 85 jobs in Rockingham County
Eden is home to Gildan’s first scale distribution center, and this new location will be the company’s fifth yarn spinning mill based in North Carolina.
“We are very pleased to expand our operations in the Eden community and to invest in a new yarn spinning facility,” said Chuck Ward, President of Gildan Yarns. “This will be the company’s seventh yarn spinning facility in the US. 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.”
“Gildan Yarns’ decision further solidifies our leadership in the textile industry,” said 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.”
A $250,000 performance-based grant from the One North Carolina Fund will help facilitate Gildan Yarn’s ongoing operation in Rockingham County. The fund provides financial assistance to local governments in order to attract economic investment and create jobs. Companies will not receive money upfront and must need capital investment targets and job creation in order to quality for payment.
“Eden and Gildan Yarns have been great economic partners, and it makes sense with their existing presence and the strong workforce that they would expand,” said Governor Roy Cooper.
“Gaining 85 new jobs is great news, and we welcome Gildan Yarns’ expansion in Eden,” said N.C. Senate Leader Phil Berger. “The economy is positioned for more growth like this because of low taxes, an incredible university system, and a top-notch workforce.”
The North Carolina General Assembly, North Carolina Community College System, Rockingham County Board of Commissioners, Rockingham County Economic Development Office and City of Eden are also key partners in the project.
