Palmetto Synthetics To Expand Plant

Kingstree, S.C.-based Palmetto Synthetics LLC — a manufacturer of polyester, nylon, and other
specialty man-made staple fibers — plans to invest $3 million to expand its 100,000-square-foot
manufacturing facility. The project, the first of a two-part expansion, will add 30,000 square feet
of space, a new production line and 25 new employees at the plant. The expansion is scheduled to be
finished and the new line to begin operations by February 2009.

“Palmetto Synthetics produces high-quality specialty polyester fibers used in a range of
applications, from apparel to automotive products,” said Joe Taylor, South Carolina’s secretary of
commerce. “The company’s decision to expand its facility in South Carolina speaks favorably to the
state’s business-friendly climate and skilled workforce. Thanks to the efforts of state and local
officials, Williamsburg County will benefit from this investment.”

November/December 2008