Parkdale Mills To Shut Another Mill

Corporate Update

Parkdale Mills To Shut Another Mill

Parkdale Mills is shutting down another facility in Stokes County and laying off over 70 people. The company was formed in Gastonia in 1916 and opened its first spinning mill two years later. It grew to become one of the world’s largest spun yarn manufacturers with 29 plants across US, Mexico and South America, employing over 4,500 workers.

Parkdale Mills said the plant closure and layoffs are due to increasing energy costs that have led to an economically unsustainable business model. In the last decade, the company had closed several mills in different locations due to similar reasons.

Parkdale Mills said the plant closure and layoffs are due to increasing energy costs that have led to an economically unsustainable business model. In the last decade, the company had closed several mills in different locations due to similar reasons.

Previous News