U.S. Textile Industry Proves More Competitive as Georgia, North Carolina Lead with $999 Million in Capital Spending
Attachment: US Textile Industry, July 2014
SUGAR LAND--July 11, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--Many U.S.-based textile companies have returned home after years of pursuing cheap overseas labor. According to the National Council of Textile Organizations (NCTO), about 650 textile plants closed in the U.S. between 1997 and 2009, costing hundreds of thousands of American jobs. But several trends are bringing back capital spending. Industrial Info is tracking 65 textile-related projects in the U.S. with a total investment value (TIV) of more than $1.39 billion, including 32 projects worth $999 million in Georgia and North Carolina alone.
Within this article: Details on major projects from Zagis USA LLC (Lacassine, Louisiana), Gildan Activewear Incorporated (Montreal, Quebec) and ShriVallabh Pittie Group (Mumbai, India), including investment values, contractors, locations and schedules.
