The textile resurgence is continuing in the Carolinas.
Meridian Specialty Yarn Group Inc., a Valdese, N.C.-based specialty yarn spinner, has set a major expansion of its manufacturing operations.
Construction will commence this winter on a new 113,000-square-foot manufacturing plant that will be located at the company’s site in Valdese. Completion of the project, which includes renovations to the company’s existing 152,000-square-foot plant, is expected by early winter next year and will greatly expand Meridian’s current capabilities.
A small section of the existing plant will be removed and the final manufacturing operation will span 260,000 square feet of production and warehouse space. Meridian anticipates spending $8 million on the expansion.
The company manufactures and dyes yarn for industries including apparel, hosiery, home furnishings and upholstery, narrow fabrics, carpets and rugs, sewing thread, craft and industrial textiles. At the company’s wet processing plant in Valdese, Meridian offers a range of yarn-dyeing products to the industry, including package dyed yarn, three processes of space-dyed yarn, top-dyed wool, yarn printing and twisting.
“We believe a strong manufacturing base is crucial to the U.S. economy and we will do all that we can to support our customers, our employees and the communities in which we operate,” said Tim Manson, president of the company.
In recent years, companies such as Peds USA, Unifi Inc. and Gildan Activewear have completed or committed multimillion dollar projects to add, expand and modernize yarn and fabric manufacturing facilities in the Carolinas. The states had nearly seen the once-vibrant industries nearly disappear in the import surge of the Nineties and turn of the century before a revival of U.S. textile manufacturing began, spurred by investments from domestic and foreign firms and federal and state funding.
Meridian has had operations in Valdese since 1994. The company employees 146 employees and the expansion will result in 25 additional jobs.
“When we developed the business plan for the expansion, we did a great deal of due diligence with regard to the location and concluded the best place to be is where we are,” Manson said. “We greatly appreciate the support of the city and county in helping us though this process.”
The company also has a novelty spinning operation in Ranlo, N.C., that makes coarse-count novelty yarn from various substrates using six different yarn formation technologies.