CN | EN

News

US Textile Factories Are Getting More Funding and More Attention

  • Categories:Industry news
  • Author:
  • Origin:
  • Time of issue:1527497340000
  • Views:7

(Summary description)US Textile Factories Are Getting More Funding and More Attention

US Textile Factories Are Getting More Funding and More Attention

(Summary description)US Textile Factories Are Getting More Funding and More Attention

  • Categories:Industry news
  • Author:
  • Origin:
  • Time of issue:2018-05-28 16:49
  • Views:7
Information
There’s been a flurry of activity in the U.S. textile industry of late–an indication that interest in U.S.-made materials and manufacturing continues to grow.According to the National Council of Textile Organizations, the value of U.S. man-made fiber and filament, textile and apparel shipments reached an estimated $74.4 billion in 2016, an increase of 11 percent since 2009.
 
 
 
Investment in fiber, yarn, fabric and other non-apparel textile product manufacturing climbed from $960 million in 2009 to $1.7 billion in 2015, an increase of 75 percent. In Tennessee, State Funding Board members recently approved a $3 million FastTrack economic development grant, part of the government’s effort to support Textile Corp. of America’s $27.1 million decision to buy and upgrade a vacant 186,000-square-foot factory in Pikeville.
 
 
 
The new company, owned by Chattanooga dev-eloper and businessman Ed Cagle, plans to start production of apparel, bedding and linens this fall. Company officials said they hope to quickly increase the staff to 1,000 employees and soon begin hiring and training workers. In North Carolina, a $300,000 grant from the Rural Infrastructure Authority will support Tapped Tees’ reuse of a 7,400-square-foot industrial building in Lexington that has been vacant seven years. The company designs screen printed T-shirts for clients, such as Lenovo, LinkedIn and craft breweries.Tapped Tees will create 15 new jobs and has pledged to spend $1 million on capital investments.
 
 
 
A $350,000 grant was issued to support Manual Woodworkers & Weavers’ renovation of a 225,181-square-foot building in Spindale, North Carolina. Manual Woodworkers and Weavers is a woven fabric manufacturer focused on “make-on-demand” markets for custom-printed home décor and apparel. The project will bring 35 jobs and $366,040 in private investment.
 
 
 
In South Carolina, Ascend Performance Materials