Tuscarora To Relocate China Grove, N.C., Plant

Mount Pleasant, N.C.-based specialty yarn spinner Tuscarora Yarns Inc. has announced it will invest
$6.3 million to relocate its China Grove, N.C., plant to a larger, more modern facility. The
company has received a $146,000 grant from the One North Carolina fund to help fund the expansion.
Tuscarora plans to add 124 jobs at the plant, which currently employs 57 people.

“The town of China Grove, Rowan County, the county [Economic Development Council], and the
State of North Carolina have all been very supportive of our efforts to expand here,” said Martin
B. Foil Jr., CEO, Tuscarora Yarns. “It’s relationships such as these and Duke Power that optimize
our opportunities for success in these challenging business conditions. Our China Grove location
has served well for the past 25 years. Increasing our investment through new equipment, machinery
along with new jobs will allow exciting opportunities at this new location.”

Tuscarora recently announced it is investing $3.5 million to expand its Clover, S.C., plant,
with the expectation of creating 40 jobs over the next three years
(See ”
To Expand Clover, S.C., Plant
,” www.TextileWorld.com, Dec. 21, 2010)

February 1, 2011