The construction of the Slonim worsted spinning mill began in 1971. The factory was put into operation in October 1977.
JSC "Slonim Worsted and Spinning Factory" is the only surviving enterprise of five standard, simultaneously built enterprises of the USSR, specializing in the production of worsted yarn. The type of ownership is the property of non-state legal entities. The production capacity of the enterprise allows the production of 2000 tons of yarn per year. The average headcount of the enterprise is 700 people.
In 2017, the company celebrated its 40th anniversary.
In 2018, the enterprise put into operation 2 Italian winding machines, which provide a high degree of yarn cleaning from defects, trash impurities and fluff accumulation, which significantly improves the quality of the products, and a special winding system ensures uniform dyeing of the yarn.
In 2021, the Slonim Worsted Spinning Factory, an open joint-stock company, purchased a complex of dyeing equipment, which will allow introducing new technologies for dyeing chemical tow and staple fiber into production. In turn, it will expand the color gamut of yarn from chemical fibers with an even color in the finished form.