Gov. Pat McCrory proclaimed Friday Manufacturing Day in North Carolina as he spent the day appearing at several economic development announcements around the state.
In total, the five announcements made Friday are expected to create 380 jobs and result in more than $110 million in investment in the state.
McCrory was joined at various points by several members of his Cabinet, including Commerce Secretary Sharon Decker. Decker began the day in Raleigh at N.C. State University, where she appeared with Chancellor Randy Woodson.
Here are the five economic development projects that were announced:
• Flo-Tite Valve Controls and its sister company Titan Flow Control plan to spend a total of $3.5 million expanding their facilities in Lumberton, about 100 miles south of Raleigh. The projects are expected to create as many as 40 jobs. Flo-Tite makes valves and valve automation equipment for a variety of industries. Titan Flow makes industrial and commercial piping products.
• Jacob Holm Industries, a nonwoven manufacturer, plans to invest more than $45.9 million over the next three years expanding its Buncombe County plant. The expansion is expected to create 66 jobs in Candler, where Jacob Holm now employs 82 people. The company is eligible to receive a $100,000 grant from the One North Carolina Fund if it meets hiring and investment goals. The grant requires a local match. Jacob Holm is based in Basel, Switzerland, but its U.S. subsidiary is based in Candler, just outside Asheville. The new jobs will pay an average annual wage of $46,258, plus benefits above the Buncombe average of $35,565.
• NGK Ceramics USA plans to invest $22 million to expand its facility in Mooresville, about 30 miles north of Charlotte. The project is expected to create 18 jobs. NGK, a subsidiary of Japan-based NGL Insulators, employs more than 600 people in Mooresville. The company supplies automakers with components for emission control systems. NGK is nearing completion of a $93 million expansion in Mooresville that began in 2011.
• Greenheck Fan Corp., a fan and ventilator maker, plans to invest $30 million expanding its facility in Cleveland County. The project is expected to create 184 jobs in Shelby, about 45 miles west of Charlotte. The company is eligible to receive a $300,000 grant from the One North Carolina Fund if it creates 102 jobs over the next three years. Greenheck employs 116 people in North Carolina.
• Custom Nonwoven, a Korean-owned producer of polyester staple fiber, plans to open a new facility in Davidson County and create 72 jobs over the next three years. The company is investing $12 million in the facility in Thomasville, about 25 miles southwest of Greensboro. The Thomasville plant will make fire retardant barrier and mattress pads that will be used in seat cushions for medical, military and institutional applications. The average annual wage for the new jobs will be $45,875 above the Davidson average of $32,339. The company is eligible to receive a $128,000 grant from the One North Carolina Fund if it meets investment and job-creation milestones. The grant requires a local match.
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