Springs Industries Consolidates Production

Springs Industries Consolidates Production Springs Industries Inc., Fort Mill, S.C., announced it
would eliminate some production at its Katherine and Elliott plants in Chester County, S.C.,
affecting approximately 320 jobs. Outdated yarn spinning will be eliminated at both plants. In
addition, some narrow looms, which are not compatible with newer fabrication equipment, will be
phased out at the Katherine plant.By continuing to invest in modern technology and replace or
eliminate more costly manufacturing, we are able to produce more yarn and fabric at fewer
facilities and keep our domestic facilities competitive in this very demanding industry, said
William K. Easley, senior vice president and president of textile manufacturing.
February 2001