HanesBrands to invest $1.6 million to add new high-tech equipment at operation
RICHMOND Governor Bob McDonnell announced today that HanesBrands Inc. (NYSE:HBI), a global consumer goods company with more than a century of history and a portfolio of leading apparel essentials, will invest $1.6 million in its Patrick County operation. The company will upgrade by adding new high-speed fabric manufacturing equipment at the plant to adjust to market conditions, retaining 215 jobs and adding 50 new jobs.
In addition to its fabric production plant in Woolwine in Patrick County, HanesBrands also operates a highly automated distribution center in Martinsville, employing approximately 400.
We have a great workforce and long history in Woolwine and Southern Virginia, said Bruce Duncan, HanesBrands vice president of innerwear operations. We are looking forward to adding greater flexibility to our Woolwine operations and doubling our current production. In the highly competitive worldwide apparel industry, our challenge is to bring on additional employees in order to run these machines at high speed and efficiency with excellent quality.
HanesBrands is a socially responsible leading marketer of everyday basic apparel under some of the worlds strongest apparel brands, including Hanes, Champion, Playtex, Bali, JMS/Just My Size, barely there, Wonderbra and Gear For Sports. The company sells T-shirts, bras, panties, mens underwear, childrens underwear, socks, hosiery, casualwear and activewear produced in the companys low-cost global supply chain. Ranked No. 512 on the Fortune 1000 list, Hanes has approximately 53,300 employees in more than 25 countries and takes pride in its strong reputation for ethical business practices. Hanes is a U.S. Environmental Protection Agency Energy Star 2012 Sustained Excellence Award winner and 2010 and 2011 Partner of the Year. The company ranks No. 152 on Newsweek magazines list of Top 500 greenest U.S. companies. More information about the company and its corporate social responsibility initiatives, including environmental, social compliance and community improvement achievements, may be found on the Hanes corporate website at www.hanesbrands.com.
The Virginia Economic Development Partnership worked with Patrick County and the Southern Virginia Regional Alliance to secure the project for Virginia. The Virginia Tobacco Indemnification and Community Revitalization Commission approved $305,000 in Tobacco Region Opportunity Funds for the project. The company is eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development. Through its Virginia Jobs Investment Program, the Virginia Department of Business Assistance will provide funding and services to support the companys recruitment and training activities.