MONTREAL—Montreal-based apparel maker Gildan Activewear Inc. announced plans to invest more than $200-million over the next two years to build a pair of yarn-spinning plants in the southern United States.
According to the firm, construction will take place during the 2014 and 2015 fiscal years.
It is currently scouting locations for the manufacturing facilities.
Gildan said the two new plants are in addition to the new ring-spun yarn plant it is building in Sailsbury, N.C., and the refurbishment of its facilities in Clarkton, N.C., and Cedartown, Ga.
It said the new plants will create more than 700 jobs.
The company said it will provide more details of its capital investment program for fiscal 2014 when it releases its fourth quarter for 2013.