TEXTILES
Gildan Looking to Open Two U.S. Spinning Facilities
Montreal-based Gildan Activewear Inc. will be investing at least $200 million in 2014 and 2015 to build two new yarn-spinning facilities in the United States.
Located in the southern region, the new facilities will “support its projected sales growth and further reinforce its position as a global low-cost manufacturer,” the company said in a statement.
Last year, the company announced plans to build a new ring-spun-yarn facility in Salisbury, N.C., and plans to modernize its open-end facilities in Clarkton, N.C., and Cedar-town, Ga.
In all, the company’s investment in U.S. yarn-spinning operations is expected to add more than 700 jobs and “further solidify the important domestic U.S. component of its vertically integrated manufacturing,” the company said.
Gildan produces T-shirts, fleece items, sport shirts, socks and underwear. The company produces socks sold under its own brands—Gildan, Gold Toe and Anvil—as well as under licensing agreements with Under Armour and New Balance. The company also manufactures imprintable products and is currently looking to expand the Gildan brand to underwear and activewear. The company’s vertically integrated manufacturing operations are primarily located in Central America and the Caribbean Basin.
