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

Jo-Mar Spinning will invest more than $1 million to establish yarn spinning and twisting operations
as well as its corporate offices in Belmont, N.C., 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. The company
expects to create some 100 jobs within its first year of operation.

“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, Jo-Mar’s location manager.

July/August 2010