EDEN, N.C. — A yarn manufacturing company will bring 85 new jobs to Eden next year. Rockingham County leaders and state officials announced Wednesday that Gildan Yarns purchased a new yarn-spinning facility off Summit Rd. It's a $4.7 million investment.
Gildan plans to open the Summit Rd facility in the first quarter of 2020. County and state leaders said the wages for the jobs are high paying and will vary.
The average for all new positions could reach up to $37,707. The current average annual wage in Rockingham County is $34,716.
“We are very pleased to expand our operations in the Eden community and to invest in a new yarn spinning facility,” said Chuck Ward, President of Gildan Yarns.
"We already have about 500 employees in a million square foot facility in Eden and we are excited to join them across the street. One of the most important things for yarn spinning is a qualified workforce and good transportation network and reliable energy with good rates and Eden provided all of those things," added Ward.
Gildan's expansion is welcome news for the City of Eden and Rockingham County which have been hit hard by company closures and business flight. The building which Gildan recently bought over for $12 million had been foreclosed from another textile company.
"We lost so many manufacturing jobs and it's just a good sign that things are coming back at all and it's a great start," said Mayor Neville Hall.
This is a sign that things are starting to turn around and maybe come back to the United States as a whole and maybe North Carolina," he added.
According to the NC Commerce Department, a performance-based grant of $250,000 from the One North Carolina Fund will help facilitate Gildan Yarn’s operation in Rockingham County. The One NC Fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. One NC grants require a matching grant from local governments and any award is contingent upon that condition being met.
“Gaining 85 new jobs is great news, and we welcome Gildan Yarns’ expansion in Eden,” said N.C. Senate Leader Phil Berger. “The economy is positioned for more growth like this because of low taxes, an incredible university system, and a top-notch workforce.”
Gildan is based in Montreal, Canada.
This new location will be the company’s fifth state-of-the-art yarn spinning mill in North Carolina. Eden is also home to Gildan’s first large scale distribution center.
The company has kicked off the hiring process for the facility and expects to go into full operation in the first quarter of 2020.
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