109-year U.S. textile manufacturer shuts for good, blaming the ‘energy model’

Jan 18, 2026

For more than a century, a textile plant in rural Virginia spun yarn and jobs out of American cotton. Now that 109-year run is ending, with the company pointing a finger not at foreign rivals or automation, but at what it calls an “unsustainable energy model.” The plant in question is part of Parkdale Mills, a yarn manufacturer that has been a major employer in the region and a key link in the domestic textile supply chain.

 

https://www.msn.com/en-us/money/markets/109-year-us-manufacturer-shuts-for-good-blaming-the-energy-model/ar-AA1Ty65K