Culp expanding, creating 129 jobs in Stokesdale | News
STOKESDALE, N.C. — Fabrics manufacturer Culp, Inc. on Thursday announced it’s expanding its facility in Stokesdale, creating 129 new jobs in Guilford County.
The expansion will involve a $450,000 investment over a four-year period. Company officials said the investment could grow over the course of the project, possibly reaching an investment as high as $900,000.
Officials said salaries will vary by job function, but the average annual payroll for the new jobs alone with be more than $3.1 million plus benefits.
Operating as Culp Home Fashions and Culp Upholstery Fabrics, the company currently employs more than 410 people at facilities in Guilford and Alamance counties.
“We are excited about the continued growth in our mattress fabric business and opportunity to expand this platform with further vertical integration into the cut and sew business,” said Iv Culp, President of Culp’s mattress fabrics division.
The High Point-based manufacturer received an $82,560 grant from the One North Carolina Fund as incentive for the expansion.
For more information about the company, visit CulpInc.com.