Everest Textile USA will establish a 610-job manufacturing facility in Rutherford County,North Carolina. The Taiwan-based maker of high-performance sports apparel will invest $18.5 million over five years at a site in Forest City.
A unit of Everest Textile Co., Ltd., headquartered in Taiwan, Everest Textiles USA is a vertically integrated developer and supplier of innovative products to leading brands in sports, casual and other apparel. Everest currently has factories in Taiwan, China and Thailand. Its Rutherford County plant will be its first outside Asia.
“Everest positions itself as one of the leading global enterprises and commits to contribute to human society by providing innovative, environmentally friendly and comfortable textile products to the industry and consumers,” said Scott Chen, Corporate Vice President. “There is still a long way for us to go and your continuous support is essential. Trust we will all work together to make it happen.”
“As a native North Carolinian, it is exciting to see Everest Textile USA investing in the state and people of North Carolina, while also creating innovative products,” said Michael Chen, U.S. Legal Counsel to Everest Textile. “This project will be a tremendous opportunity for all parties involved.”
“North Carolina’s outstanding workforce, moderate cost-structure and engaged community colleges put us on the short list for 21st century manufacturers of every kind,” said Commerce Secretary John E. Skvarla, III “We have all the ingredients global companies need to succeed.”
Everest’s arrival in Rutherford County will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee earlier today. Under the terms of the company’s JDIG, the company is eligible to receive just over $3 million in total reimbursements. Payments will occur in annual installments over 12 years pending verification by NC Commerce and NC Revenue that the company has met incremental job creation and investment targets.
JDIGs reimburse new and expanding companies a portion of the newly created tax-base with the goal of increasing the overall tax benefit to the State of North Carolina. By law, JDIG projects must result in a net revenue inflow to the state treasury over the life of the award. This project is contingent upon local participation from the county or municipality.