STI To Create 62 Jobs

Kings Mountain, N.C.-based dobby and jacquard upholstery fabric producer Specialty Textiles Inc.
(STI) has announced an expansion that will include the addition of 32,000 square feet to its
current plant and 62 full-time jobs over the next three years. STI will add chenille yarn capacity
to capture additional sales in the mid-range and high-end segments of the residential upholstered
furniture industry.

“STI is a big proponent of manufacturing in the United States,” said John Kay, president,
STI. “With support from the State of North Carolina, Cleveland County and the City of Kings
Mountain, STI plans to grow our manufacturing footprint in North Carolina. America was built on
manufacturing and all the stakeholders at STI support our Governors’ efforts to increase
manufacturing in North Carolina.”

The $4.9 million investment cost is defrayed in part by a One North Carolina Fund grant in
the amount of $56,000. The fund offers financial assistance to businesses through local governments
to draw business projects to the state to boost economic activity and create jobs.

“The story of North Carolina’s business success lies in our ability to adapt and grow with
changing markets,” said Governor Bev Perdue. “With the support of the One North Carolina Fund, STI
will stay on the cutting edge of the textile industry.”

September 6, 2011