Service Thread Manufacturing will expand its operations in Scotland County with $700,000 in new investment and the addition of 35 jobs.
"The expansion and new equipment will enable Service Thread to nearly double its manufacturing capacities in specially treated yarns for technical sewing applications," explained COO/CFO Jay Todd.
Todd credited the expansion to community support and assistance from Economic Developer Grag Icard and the County’s Economic Development Corporation (EDC). "They were instrumental in our success. They understand the needs and challenges faced by manufacturing. They work every day to give us a good environment in which to operate."
He added, "The Scotland County Economic Development Corporation along with Scotland County and the City of Laurinburg are terrific partners that contributed greatly to Service Thread's ability to grow and prosper in the local community."
EDC Chair Joyce McDow said, "We feel honored that Service Thread chose to expand in Scotland County. The company has been been a viable and valuable presence in our community over the years."
McDow added, "Their expansion supports the company's investment in its workforce, new jobs for potential employees, new capital investment for the County and a working relationship with other entities located here including Richmond Community College."
"Existing industries play a vital role in bringing new jobs. We are excited that Service Thread chose to grow and increase its investment in Scotland County," said Chairman Bob Davis.
"Service Thread is a great company, and this represents a substantial commitment on their part as it looks to significantly increase the current workforce," said Laurinburg City Mayor Tommy Parker.
"Service Thread is a great company that invests in its workforce and the entire community," Icard said. "The company has a great leadership team that operates in a very entrepreneurial manner and strives towards innovation on a daily basis. We value the company and support its efforts in any way possible."
Icard stressed the importance of working with all companies in the County. "Existing companies are a vital part of our local economy as they work to remain competitive and profitable and provide opportunities for citizens."
Icard added, "The expansion announcement validates the local effort to bring new jobs and investment into the County."
Service Thread expects its new manufacturing equipment to be online in the first quarter of 2013.