We have designed our supply chain in order to most effectively leverage preferential treatment under U.S. trade agreements. Consequently, we want to ensure that our products are always eligible for such preferential treatment.”
The U.S. textile industry has seen a surge in foreign direct investment over the past 8 months. No less than 8 foreign companies have made public #
This investment of approximately $250 million will be made by Gildan over its 2014 and 2015 fiscal years in order to build two new yarn spinning facilities in North Carolina, one in Salisbury and another one in Mocksville. Each one is expected to be over 500,000-square-feet in size. The venture is slated to create approximately 500 new jobs in Davie and Rowan Counties, NC.
The U.S. textile industry has seen a surge in foreign direct investment over the past 8 months. No less than 8 foreign companies have made public #
In addition to Gildan’s announcement, the U.S. textile sector continues to see a positive trend in foreign direct investment. Since August of 2013, textile companies from India, Mexico, and China have announced new investment plans in the United States. These projects will generate a projected 1,368 new U.S. jobs beyond the 500 associated with Gildan’s investment.
The U.S. textile industry has seen a surge in foreign direct investment over the past 8 months. No less than 8 foreign companies have made public #
“This massive investment surge and the creation of approximately 1,900 much needed manufacturing jobs is a concrete example of how Yarn-Forward has made a major contribution to the U.S. economy and workforce. You need look no further for how sound provisions in trade agreements can make a real difference in our economy,” stated Augustine Tantillo, President and CEO of the National Council of Textile Organizations.
The U.S. textile industry has seen a surge in foreign direct investment over the past 8 months. No less than 8 foreign companies have made public #
National Council of textile organizations
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