Global Joint Venture to Build New Textile Plant in Anson County

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In Economic Development
Oct 25th, 2016
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King Charles Industries, a joint venture between a Taiwanese company and a 70-year-old North Carolina textile manufacturer, plans to build a new $12.5 million plant in Anson County.

The plant, which intends to hire 100 employees over the next three years, will produce circular knit and tricot finished fabrics for several brands. Operations will include yarn texturizing, knitting, dyeing, fleecing, tumbling, finishing and inspection. Positions will include skilled operators, shift supervisors, warehouse personnel and others. The company’s payroll will add nearly $2.8 million in annual salary impact to the local economy.

“North Carolina remains the Southeast’s leading state for manufacturing employment with more than 461,000 jobs,” said North Carolina Gov. Pat McCrory. “Our manufacturing economy is highly innovative, diversified and competitive at the global level and we are delighted to welcome King Charles Industries to Anson County.”

King Charles Industries is a joint venture between Taiwan’s Kingwhale Corp. and Hornwood Inc., which is based in Lilesville, North Carolina. Hornwood, which employs 350 people in Lilesville, makes products for buyers in the automotive, apparel, medical and other industries. Kingwhale, founded in 1992, is a vertically integrated provider of performance fabric and garments for the global apparel industry. The company was an official garment supplier for the 2002 Winter Olympic Games in Salt Lake City.

“This announcement shows the broad base of North Carolina’s manufacturing leadership,” said North Carolina Commerce Secretary John E. Skvarla III. “With its innovation and global nature, King Charles Industries is a 21st century take on one of our state’s traditional manufacturing industries.”

“We are excited about the opportunity to build a new business with the latest in technology in Anson County,” said King Charles Industries Chairman Chuck Horne. “In addition to the state of North Carolina and Anson County, we owe a special thanks to North Carolina’s Southeast Regional Economic Development Partnership for their assistance.”

The project was made possible in part by a performance-based grant of up to $300,000 from the One North Carolina Fund. The One NC Fund provides financial assistance, through local governments, to attract business projects that will stimulate economic activity and create new jobs in the state. Companies receive no money up front and must meet job creation and investment performance standards to qualify for grant funds. One NC grants also require financial matches from local governments.

Joining the Economic Development Partnership of North Carolina and Commerce in supporting King Charles Industries’ new location are the North Carolina General Assembly, the North Carolina Community College System, Anson County, the Anson Economic Development Partnership and North Carolina’s Southeast Regional Partnership.

Read full article on EDPNC.com