Page 18 - 2018 Comprehensive Annual Financial Report - City of Winston-Salem

MANUFACTURING

Although manufacturing is no longer the largest employment the company reported net sales growth of 4 percent to
sector in Winston-Salem and Forsyth County, it continues to $1.72 billion. Unlike most apparel companies, Hanesbrands
be a major player. Reynolds American, Inc. (RAI) and primarily operates its own manufacturing facilities. It is the
Hanesbrands, both long-time corporate citizens of Winston- only apparel producer to ever be honored by the Great Place
Salem, employ about 3,000 and 2,500 workers, respectively. to Work Institute for its socially responsible workplace practices
in Central America and the Caribbean.
While it continues to maintain a signi cant presence in
Winston-Salem, RAI became an indirect, wholly owned Another manufacturer with a signi cant presence in Winston-
subsidiary of British American Tobacco (BAT) in July 2017. Salem is Rockwell Collins, which employs 1,300 workers
The $54.5 billion transaction completed BAT’s purchase of the inherited from its purchase of B/E Aerospace in April 2017.
57.8 percent of RAI that it did not already own. BAT and RAI Although B/E was not headquartered in Winston-Salem, its
heralded the purchase as creating a “stronger, global tobacco largest manufacturing plant was based here. In a deal expected
and Next Generation products company.” RAI brought to the to close in fall 2018, Rockwell Collins has been sold to
table three of the four best-selling cigarette brands in the U.S. — aerospace company United Technologies Corp.
Newport, Camel and Pall Mall — as well as VUSE digital vapor Other major employers include Deere-Hitachi and Hayward
cigarettes and ZONNIC, a nicotine replacement therapy gum.
Industries, a manufacturer of pool equipment each with 800
HanesBrands, founded in Winston-Salem in 1901, is the employees; WestRock, which makes packaging products and
world’s largest marketer of basic apparel, selling bras, panties, employs 600; and Cook Medical, a manufacturer of medical
shapewear, sheer hosiery, men’s underwear, children’s devices, with 576 workers. Krispy Kreme Doughnuts Inc.,
underwear, socks, t-shirts, sweatshirts, eece and other manufacturer of one of Winston-Salem’s most iconic products,
activewear. The company’s brands include Hanes, Champion, employs 554. The company was acquired for $1.35 billion by
Playtex and Bali. For the quarter ended June 30, 2018, JAB Holding Co. in July 2016.

12 2018 AN NUAL R E P O R T