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Régitex to acquire and upgrade existing textile plant

19
Jul '10
Governor Bob McDonnell announced that Régitex USA LLC, a manufacturer of made-to-order ring spun and open end yarns, will invest $1.5 million to open a manufacturing operation in Mecklenburg County. The company will acquire and upgrade an existing textile plant, creating 60 new jobs.

Speaking about the announcement, Governor McDonnell commented, "Southern Virginia has a history rich in textile manufacturing companies. Despite the fact that in recent years the general industry has taken a hit, companies like Régitex have brought textiles to a new level of quality and innovation. The company will be able to upgrade an existing textile plant in Mecklenburg County to produce leading-edge yarns for the industrial, apparel, high-performance and home furnishing markets. I welcome this international company to Virginia and look forward to Régitex USA's success."

Régitex USA LLC is a subsidiary of Régitex Inc., a family owned business headquartered in Québec, Canada since 1976. Régitex Inc. produces leading-edge yarns in an assortment of colors and natural blends, using a wide variety of natural and synthetic fibers for end-users in the industrial, protective apparel, high-performance and home furnishing markets. New product development is based on customer needs and a comprehensive understanding of the market, inspiring Régitex to focus development on new and distinctive high-quality custom yarns with properties unique to client needs.

"We are very pleased and excited to make Virginia our home base in the United States," said Rick Martignetti, President, Régitex USA LLC. "Virginia continues to prove that it is the place for business. Virginia offers manufacturers an unparalleled advantage of a highly skilled and motivated workforce, central location, excellent transportation facilities and low-energy costs. Régitex Inc. and Régitex USA are committed to continue providing quality, service and innovative yarns to our customers. We thank all of our valued customers and suppliers for their continued support."

The Virginia Economic Development Partnership worked with Mecklenburg County to secure the project for Virginia. The Virginia Tobacco Indemnification and Community Revitalization Commission approved $150,000 in Tobacco Region Opportunity Funds for the project. The Virginia Department of Business Assistance will provide training assistance through the Virginia Jobs Investment Program.

"Mecklenburg County's Board of Supervisors is very pleased to have Régitex coming to our community," said Glenn Barbour, Chairman, Mecklenburg County Board of Supervisors. "It's always exciting to upgrade an existing facility and even more so to provide jobs to the citizens of this county. The Board welcomes Régitex and looks forward to working with them. We commend our economic development team of Angie Kellett and Gina Mull and our County Administrator, Wayne Carter, for their efforts in securing this company and growing theeconomy of Mecklenburg County."


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