Gildan, a Canadian based socks and apparel company, has begun development of two new staple fiber spinning plants to support its manufacturing operations.
Gildan is in the process of installing yarn spinning equipment in a Salisbury plant and also is updating two spinning plants where it had a joint venture interest with Frontier spinning, according to a news release from the Synthetic Yarn and Fiber Assn. (SYFA).
Gildan purchased Frontier’s interest in 2012 and the investment was reported to be $85 million. Also Gildan is building a new spinning plant in Mocksville, another new facility in Salisbury, and updating a Clarkton, NC, plant. Total investment for these projects reportedly will exceed $250 million and create 500 new jobs.
Moretz/Gold Toe was acquired in 2008. Manufacturing operations in Hickory and Newton were shuttered and corporate offices were moved to Charleston. Gildan also closed Pruett operations in Fort Payne, Alabama after acquiring the complex.