nceda annual conference textile panel june 11, 2015 mitch hensley national spinning technical...

NCEDA Annual Conference Textile Panel

June 11, 2015Mitch HensleyNational Spinning Technical Products Business Manager

Who is National Spinning Company?•Started in 1921•Privately Held ESOP Company•$100 Million Annual Sales•700+ Employees•Yarn Sales, Nonwoven, Craft Division

National Spinning Facilities in NC

Location Type of Product EmploymentBurlington (Alamance) Yarn Package Dyeing 98

Beulaville (Duplin) Yarn Spinning 230

Lincolnton (Lincoln) Non-Woven 40

Washington (Beaufort) Crafts/Admin/Distribution67

Whiteville (Columbus) Yarn Spinning281

Total - 716

Don’t underestimate the value of retention• Local manufacturing business development leaders need to help existing

business with:▫ Infrastructure maintenance and upgrades▫ Labor recruitment▫ Labor development▫ Local power rates; power savings opportunities▫ Incentives to encourage existing business to grow

• Thank you to Gary Lanier and Columbus County Economic Development Commission▫ Workforce development training programs have saved nearly $100,000 in

training costs in 2014-15 at our Whiteville plant!• JDIG and NC Commerce has helped with new plant installation for our

Carolina Nonwoven operation in Maiden, NC.

• There is only one boss. The customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else. –Sam Walton

Textile Manufacturing Resurgence in NC!

Why?•Reshoring? Made in USA?•Raw material competitiveness

▫Cotton▫Polyester

•Inexpensive, reliable energy•Existing locations•Workforce has some knowledge of textiles•Transportation

08/0

2/04

12/2

0/04

05/0

9/05

09/2

6/05

02/1

3/06

07/0

3/06

11/2

0/06

04/0

9/07

08/2

7/07

01/1

4/08

06/0

2/08

10/2

0/08

03/0

9/09

07/2

7/09

12/1

4/09

05/0

3/10

09/2

0/10

02/0

7/11

06/2

7/11

11/1

4/11

04/0

2/12

08/2

0/12

01/0

7/13

05/2

7/13

10/1

4/13

03/0

3/14

07/2

1/14

12/0

8/14

04/2

7/15

$-

$0.50

$1.00

$1.50

$2.00

$2.50

US vs. China Cotton Price

US CottonChina Cotton

Recent Growth in U.S. Textile Manufacturing

Traditional TextilesNonwovens/Technical Textiles

CompanyCompany Nationality

Investment Location(s)

Investment Amount

Estimated Job Creation

Fiber        

JN Fibers Inc. ChinaChester County ,SC

$45 million 318 jobs

Yarn spinning        

Gildan Canada

Salisbury, NCMocksville, NCClarkton, NC $250 million 500 – 700

Parkdale USA Raburn Gap, GA $85 million 210

Shrivallabh Pittie Group India

Screven County, GA $70 million 250

Gulf Coast/Zagis USA Mexico Bunkie, LA $130 million 300

Keer China Lancaster County, SC $218 million 500

Nonwovens        

Owens Corning USA Gastonia, NC $120 million 110

Fitesa Simpsonville Inc. USA Simpsonville, NC $50 million 32

Custom Nonwoven, Inc. Korea Thomasville, NC $12.8 million 72

Jacob Holm Industries

Switzerland

Candler, NC(likely to exceed) $60 million

None Stated

Composites & Technical Fabrics

Toray Industries, Inc. Japan Moore, SC

(close to) $1 billion 500

Highland Industries, Inc. USA Cheraw, SC $4.1 million 24

Louis Hornick and Co., Inc. USA Allendale, SC $2.5 million 125

$2 Billion Investment; 3,000-3,500 Jobs!

Questions?

Mitch HensleyNational Spinning Co., Inc.mitchhensley@natspin.com

704-477-3004