A Canadian apparel manufacturer announced Tuesday that it expects create about 500 new jobs in the state by the end of 2016 as it expands an existing plant and opens two new ones.
Gildan Yarn, a subsidiary of Montreal-based Gildan Activewear, expects to invest $250 million building yarn spinning facilities in Salisbury and Mocksville, and renovating and expanding an existing facility in Clarkton.
Gildan was awarded an incentives package that could be worth $3.49 million if it meets hiring and investment milestones.
Tuesday's announcement is the second major expansion by Gildan over the past year.
Another Gildan subsidiary, CanAm Yarns, announced plans in December to open a new ring-spinning factory in Salisbury that is expected to employ 170 people. CanAm is eligible to receive $1.55 million in incentives if it meets hiring and investment goals for that project.
The average annual salaries for the new jobs announced Tuesday will exceed $32,270, plus benefits. That's above the Davie County average of $30,415 and the Bladen County average of $30,921. It's below the average salary in Rowan County, which is $37,086.
Gildan employs about 600 people in North Carolina at plants in Salibury and Clarkton. The company also considered sites in South Carolina and Georgia for this latest expansion.
Gildan makes T-shirts, fleece, sport shirts, socks and underwear under a number of brands, including Gold Toe, Anvil and Gildan.
“Our investments in our yarn spinning operations will support our projected sales growth and further reinforce our position as a global low-cost manufacturer," said Gildan Yarns President Chuck Ward in a statement. "The state-of-the-art product technology to be used in these facilities will continue to differentiate the product quality of Gildan branded products.”