Valdese, N.C.-based Meridian Specialty Yarn Group (MSYG) — a specialist in package dyeing, space dyeing, top-dyed wool, yarn printing and twisting — has announced it will build a new 113,000-square-foot plant on its existing manufacturing site in Valdese. The expansion also includes a renovation of its current 152,000-square-foot plant. Once complete, the $8 million construction project will result in 260,000 square feet of manufacturing and warehouse space. The project is expected to be complete by early winter of 2017, and the expansion will add 25 jobs to the company’s current workforce of 146.
“We believe a strong manufacturing based in crucial to the U.S. economy, and we will do all that we can to support our customers, our employees and the communities in which we operate,” said Tim Manson, president, MSYG. “When we developed the business plan for the expansion, we did a great deal of due diligence with regard to the location, and concluded the best place to be is where we are. We greatly appreciate the support of the city and county in helping us through this process.”
“This is a significant announcement for the town of Valdese,” said Chip Black, Valdese Mayor. “We have worked with Meridian for many months to facilitate the process and find a solution that supports their tremendous growth opportunities while remaining here in Valdese.”