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Carolina Nonwovens Corporation Opens New Manufacturing Facility in Lincolnton NC

January 5, 2007

Carolina Nonwovens Corporation has confirmed Lincolnton NC as the location of their new nonwovens facility. They will be located in a 33,000 square foot facility in the Indian Creek Industrial Park. Their initial investment will be $4.2 million and they expect to hire 15 employees. Looking ahead, they hope to add an additional 12 jobs in the near future.

Carolina Nonwovens Corporation will install a new high production Laroche airlay line to produce thermo bonded nonwovens fabrics. CNC President Fred Fink stated “This new facility is the culmination of intensive market research and product development over the past 18 months.” Jr. Howard, Chairman of the Lincoln Economic Development Association welcomes CNC and their unique manufacturing process that will continue to diversify Lincoln County’s industrial base.

The Lincoln County Board of Commissioners approved an incentive grant in the amount of $64,233 to be paid out over a five year period of time, $12,846 annually. Tom Anderson, Chairman of the Lincoln County Commissioners said “We are pleased that Carolina Nonwovens Corporation has chosen to locate their facility in Lincoln County. We believe they will find Lincoln County to be a very business friendly environment and wish them success and prosperity. We appreciate the opportunity this new business offers our citizens and the contributions they will make to the health, growth and diversity of our economy.” Rhonda Hunter, Director of Operations at Lincoln Economic Development Association added, “Having the available shell building ready to go was crucial in making this deal happen. We wish more private investors would step forward with available product for us to market. As the saying goes “if you build it, they will come.”

The company has developed several proprietary products for customers, and will process natural and recycled fibers. “The new line will be making nonwovens that go into a huge range of consumer and industrial products, making them lighter, stronger and less expensive,” said John Gearhart CNC Vice President. Carolina Nonwovens has assembled an experienced team of industry professionals with over 60 years of cumulative nonwovens knowledge.

“The Lincolnton Economic Development Association team has been instrumental in attracting Carolina Nonwovens to the area” stated Fred Fink. The CNC management team is excited about locating in Lincolnton with its strong labor pool and convenient access to our customer base. We expect the new facility to ramp up production no later than May 2007. The company has begun interviewing local candidates for many positions, and anticipates hiring to begin in January