Jo-Mar Spinning To Set Up Operations In Belmont, NC

Jo-Mar Spinning will invest more than $1 million to establish manufacturing operations in a
shuttered yarn plant in Belmont, N.C., with plans to create some 100 jobs within the first year.

The newly established company will set up its yarn spinning and twisting operations as well
as its corporate offices in the former Helms Plant of sales yarn spinner R.L. Stowe Mills Inc.,
which closed its doors in 2009 after 108 years in business
(See ”
Stowe To Close After 108 Years
,” January 6, 2009)
. Assistance from the Gaston County
Economic Development Commission and various other state and local entities bolstered the company’s
decision to locate in Belmont.

“Jo-Mar Spinning is excited to come to Belmont and Gaston County. This represents a new and
great beginning for our company,” said Joe Ludlum, the company’s location manager.

The hiring process has begun, and Phillips Staffing Co. in Gaffney, S.C., is handling
employment applications. 

June 2010