>>
Home / Knowledge / News / Textiles / Fiber producer to bring $2.8 mn investment in Stoneville

Fiber producer to bring $2.8 mn investment in Stoneville

04
Dec '09
Gov. Bev Perdue announced that SANS Technical Fibers LLC, an international manufacturer of synthetic nylon filament and yarn for the high-performance, military, automotive and other markets, will expand its plant in Rockingham County. The company will invest more than $2.8 million and create 25 jobs in Stoneville. The announcement was made possible in part by a $60,000 grant from the One North Carolina Fund.

“North Carolina remains a top choice for successful companies adapting to compete in a global marketplace,” Gov. Perdue said. “Our exceptional quality of life and skilled workforce continue to attract companies looking for the perfect location to expand and prosper.”

SANS Technical Fibers, headquartered in Gastonia, is a wholly owned subsidiary of AECI Limited of South Africa. AECI has consolidated its fiber-producing operations to the Stoneville plant, which currently employs about 100 people.

The SANS Stoneville plant will manufacture nylon industrial fibers for sewing thread, knitting and weaving operations in the automotive market and for military vests, packs and parachutes. The 25 new jobs will pay an average annual wage of $25,669, not including benefits.

“We are extremely pleased to announce this expansion, which will ensure that we maintain our position as the premier supplier to the global nylon 6.6 sewing thread market. Most of the capacity from this cost-effective expansion will be exported into Europe, South America and Asia,” said Zach Zacharias, president and CEO of SANS Technical Fibers.

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.

“During these tough economic times, it's important to make the right investments to create jobs and grow businesses,” said Rep. Nelson Cole. “We welcome these jobs in Stoneville and look forward to working with the Governor to add more jobs to the area.”

North Carolina continues to have a top-ranked business climate. Through Gov. Perdue's JobsNOW initiative, the state will work 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 40,000 jobs and $7 billion in investment have been created since 2001. Other project partners include: the N.C. Department of Commerce, Rockingham County, Rockingham County Partnership for Economic & Tourism Development, Town of Stoneville and Duke Energy.

State of North Carolina, Office of the Governor


Must ReadView All

Pic: Simba3003 | Dreamstime.com

Textiles | On 8th Dec 2021

Euro area economy is recovering rapidly since Q2: IMF

Thanks to high vaccination levels and continued forceful policy...

Pic: Moreno Soppelsa | Dreamstime.com

Textiles | On 8th Dec 2021

US manufacturing activity grows for 18th consecutive month in November

Economic activity in the US manufacturing sector grew in November,...

Pic: Jurgita Juoniene | Dreamstime.com

Apparel/Garments | On 8th Dec 2021

VITAS foresees Vietnam’s apparel exports growth in 2021 & 2022

The Vietnam Textile & Apparel Association (VITAS) has forecast the...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Biggest learning was adaptability

Textile Industry, Head honchos

Textile Industry
Head honchos

Strongly believe in 'people first' policy.

India-EU Summit, Representatives

India-EU Summit
Representatives

India-EU FTA will provide EU with better access to a huge & rapidly...

Sanjay Vakharia,

Sanjay Vakharia

One of the first few Indian denim brands, Spykar, established in 1992, was ...

Shyam Gupta,

Shyam Gupta

Established by <b>Shyam Gupta</b> in 1978, Gargee Designer's (GD) offers...

Harleen Kaur,

Harleen Kaur

Established in 2017 and headquartered New York, the label Harleen Kaur...

Serkan Gogus, Mogul Nonwovens

Serkan Gogus
Mogul Nonwovens

Mogul is a global player ranked among the top 40 nonwoven producers in the ...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Silke Brand-Kirsch, Glatfelter

Silke Brand-Kirsch
Glatfelter

Glatfelter is a leading global supplier of engineered materials. <b>Silke...

Samant Chauhan, Label Samant Chauhan

Samant Chauhan
Label Samant Chauhan

Delhi based fashion designer, <b>Samant Chauhan</b> who mostly works on...

Bani Pasricha,  Label - Bani Pasricha

Bani Pasricha
Label - Bani Pasricha

An Indian fashion-designer and a recipient of one of the most prestigious...

Reynu Taandon, Label Reynu Taandon + Nikhita

Reynu Taandon
Label Reynu Taandon + Nikhita

Renowned womenswear designer <b>Reynu Taandon </b>has been serving the...

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


December 2021

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


Advanced Search