Gildan Plans $200 Million Investment in Two New Facilities

Gildan Activewear Inc. is considering potential locations in the Southern U.S. for the construction of two additional yarn-spinning facilities, to support its projected sales growth and further reinforce its position as a global low-cost manufacturer.

The facilities will feature state-of-the-art construction and technology, which will continue to differentiate the product quality of Gildan branded products.

The company currently expects to invest more than $200 million during fiscal 2014 and 2015 for the construction and ramp up of these new facilities. This investment will be made in addition to the investments announced on Nov. 29, 2012 for a new ring-spun yarn manufacturing facility in Salisbury, N.C., and the refurbishment and modernization of the Company's open-end facilities in Clarkton, N.C. and Cedartown, Ga.

Gildan's total investment in U.S. yarn-spinning facilities, including the two new facilities, is expected to create over 700 jobs and further solidify the important domestic U.S. component of its vertically-integrated manufacturing.

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