Springs to shut down two plants
July 10, 2003,
Fort Mill, SC — With sales tumbling down through the first six months of the year during in the midst of a prolonged retail slump, Springs Industries, the nation's largest home fashions producer, said it's shutting two of its oldest and most historic manufacturing plants — each in operation for more than a century — to cut costs and pare down capacity in a bruising retail environment.
The major mill said it will permanently close the White Plant in Fort Mill, SC, a 111-year-old greige goods weaving facility, and the 107-year-old Lancaster, SC, plant which spins yarn for the White facility and other Springs plants.
Henry Surratt, vp of bedding fabrics manufacturing, said, "The weak economy has created excess capacity in our business, and we must keep capacity in line with demand. While this decision will improve operating schedules for our other fabric plants, we regret the impact this closing will have on employees and their families."