Everest Textile USA — a unit of Taiwan-based apparel manufacturer Everest Textile Co Ltd. — has announced it plans to invest $18.5 million over the next five years to establish a manufacturing plant near Forest City, N.C., in Rutherford County. The facility will employ as many as 610 associates once it is fully operational and add an approximately $15.8 million annual payroll impact to the local economy. Everest supplies high-performance sports, casual and other apparel to well-known brands including Nike, Columbia and Patagonia. The plant in Rutherford county is the company’s first outside of Asia, where it has facilities in Taiwan, China and Thailand.
“North Carolina’s outstanding business climate offers great advantages to global manufacturers such as Everest Textiles,” said North Carolina Governor Pat McCrory. “We are thrilled that this innovation-based textile company has selected our state and its tradition of high-quality manufacturing to build its presence in the Americas.”
“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.”
The investment will be facilitated in part by a Job Development Investment Grant (JDIG) approved by North Carolina’s Economic Investment Committee. Under the terms of the JDIG, Everest is eligible to receive approximately $3 million in total reimbursements paid annually over 12 years as long as the company meets targets for investment and job creation.
January/February 2017
