Home / Knowledge / News / Textiles / Tuscarora Yarns to open plant in Rowan County
Tuscarora Yarns to open plant in Rowan County
31
Jan '11
Gov. Bev Perdue announced that Tuscarora Yarns Inc, a leading yarn manufacturer, will locate a new facility in Rowan County. The company plans to create 124 jobs and invest $6.3 million during the next three years in China Grove. The project was made possible in part by a $146,000 grant from the One North Carolina Fund.

“As a home-grown company Tuscarora Yarns knows North Carolina is a great place to do business,” said Gov. Perdue. “Our workforce and training programs – especially in the textile industry – are second to none. It's great news that Tuscarora is creating and retaining jobs right here in the Tar Heel State.”

Tuscarora Yarns has operated yarn manufacturing mills in North Carolina since 1899. The company is a worldwide leader in the manufacturing of heather and mélange yarns and produces a variety of yarns for applications such as sportswear, underwear, hosiery, sweaters, home furnishings and automotive components. The company currently employs 57 in China Grove and plans to move its operation to a larger, more modern facility.

Salaries will vary by job function, but the average annual wage for the new jobs will be $27,334 not including benefits. The Rowan County average annual wage is $36,036.

“The town of China Grove, Rowan County, the county EDC, and the State of North Carolina have all been very supportive of our efforts to expand here,” said Martin B. Foil, Jr., CEO of Tuscarora Yarns. “It's relationships such as these and Duke Power that optimize our opportunities for success in these challenging business conditions. Our China Grove location has served well for the past 25 years. Increasing our investment through new equipment, machinery along with new jobs will allow exciting opportunities at this new location.”

The One NC Fund provides financial assistance, through local governments, to attract business projects that will stimulate economic activity and create new jobs in the state. Companies receive no money up front and must meet job creation and investment performance standards to qualify for grant funds. These grants also require and are contingent upon local matches.

North Carolina continues to have a top-ranked business climate. Through Gov. Perdue's JobsNOW initiative, the state works aggressively to create jobs, train and retrain its workforce, and lay the foundation for a strong and sustainable economic future.

Through use of the One NC Fund, more than 50,000 jobs and $9 billion in investment have been created since 2001. Other partners that helped with this project include: the N.C. Department of Commerce, N.C. Community Colleges, Rowan County and the Town of China Grove.

NC Department of Commerce


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search