Posts tagged ‘textile’
Naturally Advanced Technologies Inc. plans to open a facility in Florence County. An initial $8 million investment will create 25 jobs as part of the company’s move to the county.
The company produces and markets CRAiLAR®, a natural fiber made from flax and other bast fibers.
“We thank the state of South Carolina, Florence County and all those who helped to establish the company’s presence in South Carolina,” said Ken Barker, CEO of NAT in a press release. “We are proud to see our investments and hard work beginning to pay off in the form of the production of CRAiLAR for commercial use. We’re particularly excited that Hanesbrands, our first production partner for Crailar, is being recognized this month for its sustainability efforts by the U.S. Environmental Protection Agency, and that it cited the use of our flax fiber, produced out of our test facility in Kingstree, in its EcoSmart socks available at retail in April. We look forward to further establishing our commercial, agricultural and civic partnerships in the state.”
NAT will locate its operations in the 143,500-square-foot Delta Mills Cypress plant on Old River Road in Pamplico. To read the full story click here.
The U.S. industry’s rebound from the lows of the last decade is expected to continue into another year.
Robert S. Reichard, Economics Editor
To be sure, the increases have been rather modest. Nevertheless, they mark a major change from the steady tattoo of declines and retrenchments that marked most of the past decade.