Gildan Activewear Inc. said Monday it will invest more than $200 million during fiscal 2014 and 2015 for the construction and ramp-up of two additional yarn-spinning facilities in the southern U.S.
Gildan said it was evaluating potential sites for the factories that will support its projected sales growth and be “built with the most modern product technology” and enhance its position as a low-cost, quality manufacturer of branded products. This investment will be made in addition to commitments made in November 2012 for a new ring-spun yarn-manufacturing facility in Salisbury, N.C., and the refurbishment and modernization of the company’s open-end facilities in Clarkton, N.C., and Cedartown, Ga.
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