Forsyth, Ga.-based Trio Manufacturing Co., a manufacturer of cotton sales yarn, has announced it
will shut down all textile manufacturing operations, with closure expected by the end of this year.
The family-owned company, established in 1899, currently employs about 20 associates.
“This is a difficult and devastating decision for this company and its loyal associates but
one that is absolutely necessary at this time, said Howell W. Newton, president of Trio. Noting
that the company had significantly downsized its operation in January of this year with the hope of
keeping enough market share to cut losses, Newton added “that customers had continued to move their
production out of this country or just go out of business. Conditions really began deteriorating
around the first of September.”
Newton said Trio will honor all financial obligations and provide severance pay for all
associates. The company also will assist its associates in filing for unemployment benefits as well
as for trade adjustment assistance available to them as a result of the negative impact of imports
on their jobs.
October 28, 2008