PermaShrink To Open Plant In Clover, S.C.

The PermaShrink Co. Inc., Charlotte — a provider of products and services to customers involved in
textile fabric preshrinking, or sanforizing — will invest $3.3 million to establish a plant in
Clover, S.C., to produce SanforSet® rubber shrinking belts, with the expectation of creating 16
jobs. The company will sell the belts to some 2,000 customers in 82 countries worldwide, with 95
percent of its production slated for export.

The new plant will be located in a building provided by the York County Natural Gas
Authority and located in Clover’s Westgate Industrial Park. According to Christopher D. Clickner,
vice president, PermaShrink, it will be the most technologically advanced plant of its type

“PermaShrink will be a tremendous asset to the Clover area. The partnership this company
formed with the York County Natural Gas Authority is a model for corporate cooperation,” said Buddy
Motz, chairman, York County Council. “The fact that this company exports most of their products to
emerging markets will add further value to the local and U.S. economy. We welcome the company and
new jobs they bring to western York County.”

January/February 2011