A 94-year old textile manufacturer, National Spinning Co. will invest $1.5 million to expand its facilities in the town of Beulaville, North Carolina. The company plans to create 50 new jobs over the next three years.

The company is an employee-owned manufacturer and distributor of yarn, nonwovens, and consumer craft items, with plant locations in Washington, Whiteville, Beulaville, Burlington, and Lincolnton, North Carolina. It currently has more than 600 employees in North Carolina.

The new jobs in the expansion include operators, shipping and receiving and general maintenance with varied salaries by position. The added payroll of the new jobs will be approximately $1.2 million annually.

James W. Chesnutt, Chairman/CEO stated, "Our company has operated in Duplin County for many years and is extremely pleased to create additional employment opportunities and investment in the County. We are fortunate the products produced in the Beulaville facility continue to be in high demand. The assistance from the EDPNC, Department of Commerce, and Duplin County Economic Development Commission is greatly appreciated."

The project was made possible in part by a performance-based grant from the One North Carolina Fund of up to $100,000. The One NC Fund provides financial assistance through local governments to attract business projects that will stimulate economic activity and create new jobs in the state. Companies receive no money up front and must meet job creation and investment performance standards to qualify for grant funds. These grants also require and are contingent upon local matches.

“Our traditional manufacturing industries are still a large part of the backbone of North Carolina’s economy,” said Governor Pat McCrory. “Companies like National Spinning Company are important to the continued strength of those industries.”

In addition to N.C. Commerce and the Economic Development Partnership of N.C., other partners that helped with this project include North Carolina Community College System, Duke Energy, Duplin County Economic Development Commission and Duplin County.