King Charles Industries, a textile company, opened its $12.5 million manufacturing site in Anson County, North Carolina. The company plans to hire 100 associates over the next three years.
“We are excited about the opportunity to build a new business with the latest in technology in Anson County,” said King Charles Industries Chairman Chuck Horne. “In addition to the State of North Carolina and Anson County, we owe a special thanks to North Carolina’s Southeast Regional Economic Development Partnership for their assistance”
King Charles Industries is a joint venture between Taiwan’s Kingwhale Corp. and Hornwood Inc, a 70-year-old North Carolina textile company. Kingwhale, founded in 1992, is a vertically-integrated provider of performance fabric and garments for the global apparel industry. Lilesville-based Hornwood makes an extensive line of products for buyers in the automotive, apparel, medical and other industries.
“North Carolina remains the Southeast’s leading state for manufacturing employment with more than 461,000 jobs,” said Governor Pat McCrory. “Our manufacturing economy is highly innovative, diversified and competitive at the global level and we are delighted to welcome King Charles Industries to Anson County.”
The project was made possible in part by a performance-based grant of up to $300,000 from the One North Carolina Fund. The One NC Fund provides financial assistance, through local governments, to attract business projects that will stimulate economic activity and create new jobs in the state. Companies receive no money up front and must meet job creation and investment performance standards to qualify for grant funds. One NC grants also require and are contingent on financial matches from local governments.
Joining EDPNC and N.C. Commerce in supporting King Charles Industries’ new location are the North Carolina General Assembly, the North Carolina Community College System, Anson County, the Anson Economic Development Partnership and North Carolina’s Southeast Regional Partnership.