STI to invest $4.2 million
Furniture Today Staff -- Furniture Today, October 14, 2011
KINGS MOUNTAIN, N.C. - Domestic fabric producer STI (Specialty Textiles Inc.) says it plans to invest $4.2 million over the next three years to expand its facility here by 32,000 square feet and add about 60 new jobs.
The expansion was announced by North Carolina Gov. Bev Perdue. The company is receiving a $56,000 grant from the One North Carolina Fund.
"STI is a big proponent of manufacturing in the United States," said John Kay, the company's president. "With support from the state of North Carolina, Cleveland County and the City of Kings Mountain, STI plans to grow our manufacturing footprint in North Carolina. America was built on manufacturing and all the stakeholders at STI support our governor's efforts to increase manufacturing in North Carolina."
The company produces dobby and jacquard fabrics used in promotional, mid-priced and high-end residential furniture.
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