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US-based MSYG to spend $8 m on expansion of textile plant

The US-based Meridian Specialty Yarn Group (MSYG), a leading specialty yarn manufacturer and producer of package dyed and space dyed yarn, is planning major expansion of their current manufacturing operations in Valdese, North Carolina. Meridian anticipates spending $8 million on the expansion.

Expansions will commence this winter on a new 113,000 SF manufacturing plant, which will be located at the company’s current manufacturing site in Valdese, North Carolina. Completion of the project, which includes renovations to the company’s existing 152,000 SF plant, is expected by early winter, 2017, and will greatly expand Meridian’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 past eight years, as other US companies in the same sector have closed operations or moved overseas, MSYG has continued operations in North Carolina and has emerged a global leader. MSYG manufactures and dyes yarn for many industries including home furnishings and upholstery, hosiery, apparel, narrow fabrics, carpets and rugs, sewing thread, craft and industrial textiles.

MSYG’s wet processing plant in Valdese, Meridian offers the widest range of yarn dyeing products in the industry, including package dyed yarn, three processes of space dyed yarn, top dyed wool, yarn printing and twisting. Currently, products made by MSYG are found in retail and craft stores across the country, and also in carpets, furniture, window treatments, automobiles, tires, socks and more.