Gildan Activewear Plans $200M Expansion in the South After Salisbury Project

Montreal-based Gildan Activewear says it isn't finished with its expansion program even after it adds 200 employees at its yarn-spinning facility in Salisbury.

The company plans to spend an additional $200 million to open two more spinning plants in the South, which will bring a total of 700 jobs to the company. Gildan Activewear is in the process of "evaluating potential sites" for the plants, with plans to start operation of both by 2015.

The idea is to "support its projected sales growth and further reinforce its position as a global low-cost manufacturer," the company stated in a press release..