Carolina Mills, the 78-year-old textile company said, plans to shut its three remaining plants, placing over 300 people out of work were afoot.
The Mill would end all domestic yarn manufacturing by June 30, closing Plant No. 1 in Maiden, Plant No. 6 in Lincolnton and Plant No. 12 in Statesville, officials stated.
Carolina Mills will have less than 100 people on rolls after June 30, possibly at its corporate headquarters in Maiden.
Steve Dobbins, Carolina Mills President and Chief Executive Officer, said the company plans to focus on smaller-scale, high-tech manufacturing, international sales and sourcing, distribution and logistical services and other non-textile-related businesses.
Dobbins blamed several factors behind closings including low-cost imports, rising health-care costs and rising fuel and petroleum-based textile fibers costs.
Carolina Mills Yarn Division manufactures synthetic yarns for apparel and home furnishing fabrics.
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