Yarn Producer to Expand in N.C.

February 1, 2016  by in Business Strategy, Industry   

The company is building a new factory located adjacent to its existing 152,000-square-foot facility. Construction, which includes renovations to its current facility, is expected by early winter next year.

The $8 million project will expand the company’s current capabilities. A small section of the existing plant will be removed and the final manufacturing operation will span 260,000 square feet of production and warehouse space.

Over the last eight years Meridian has continued operations in North Carolina.

The company manufactures and dyes yarn for a number of industries including home furnishings and upholstery, hosiery, apparel, narrow fabrics, carpets and rugs, sewing thread, craft and industrial textiles. At the company’s wet processing plant in Valdese, Meridian offers a range of yarn dyeing products, including package dyed yarn, three processes of space dyed yarn, top dyed wool, yarn printing and twisting. Today, products made by Meridian Specialty Yarn Group are found in retail and craft stores across the country, and also in carpets, furniture, window treatments, automobiles, tires, socks and more.

“We believe a strong manufacturing base is 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.

Meridian has had operations in Valdese since 1994. Manson said a great deal of thought, study and time went into the decision to stay in Valdese. The company currently employees 146 employees and the expansion will result in 25 additional jobs.

“We are excited about the opportunity this new investment represents for us from a business perspective, and also for the town and for our employees,” Manson said. “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 though this process.”