National Spinning Co., a manufacturer of dyed and raw yarn, is closing its Beulaville, North Carolina, facility, resulting in 152 lost jobs, according to a filing with the Department of Commerce.

The Beulaville spinning facility, located at 326 Lyman Road, will permanently close effective Dec. 31.

“The plant closure is a strategic business decision to eliminate excess capacity by consolidating spinning resources into other company facilities and concentrate on the diversified business segments in the National Spinning portfolio,” CEO James Chesnutt said in the filing.

“The decision to close the Beulaville plant is not a reflection of the workforce, but rather a result of ongoing challenges in the economy and particularly in textile markets.”

The Beulaville plant is one of two spinning facilities in North Carolina operated by National Spinning. The other facility is located in Whiteville.

The company also has a dyeing plant in Burlington, North Carolina, and Carolina Nonwovens LLC., a subsidiary of National Spinning, has a facility in Maiden, North Carolina.

The notice was filed pursuant to the Worker Adjustment and Retraining Notification (WARN) Act, which must be filed 60 days in advance of a plant closing that affects more than 50 employees in a 30-day period or a mass layoff of at least 500 employees or between 50 to 499 employees if they make up at least one-third of the employer’s workforce.

All North Carolina filings under the WARN Act can be found here.