Yarn maker Parkdale Mills is investing $45m in a new facility in Cherokee County, South Carolina which it expects to have running by the end of the year after bringing in new equipment and upgrades.   

The facility is one of four mills that it bought from Wellstone Mills in March and will keep 145 jobs at the plant.

“For our new operations, we were looking for a building that would suit our current needs and allow us room to grow,” said Lee Thomas, vice president of services for Parkdale Mills Inc.

Parkdale is one of the largest yarn manufacturers in the world, operating 24 plants in four countries. It supplies spun yarns for the weaving, knitting and hosiery industries.

Earlier this year the company embarked on a $3m expansion of its manufacturing plant in Edgefield County, South Carolina.