Meridian Specialty Yarn Group to expand footprint in NC
February 1, 2016,
Meridian, a major U.S. specialty yarn manufacturer and producer of package-dyed and space-dyed yarn, said construction is scheduled to begin this winter on a 1,300-square-foot addition to the current facility – which measures 152,000 square feet. The project will also include renovations to the existing site.
Completion is expected by early 2017.
Meridian anticipates spending $8 million on the total project.
The company manufactures and dyes yarn for many industries including home furnishings and upholstery, hosiery, apparel, narrow fabrics, carpets and rugs, sewing thread, craft and industrial textiles.
At its wet processing plant in Valdese, Meridian offers what it claims is the “widest range of yarn dyeing products in the industry,” including package-dyed yarn, three processes of space-dyed yarn, top-dyed wool, yarn printing and twisting.
“We are excited about the opportunity this new investment represents for us from a business perspective, and also for the town and for our employees,” said Tim Manson, president of the company. “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. We greatly appreciate the support of the city and county in helping us through this process.”
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