Trending...
- Agape Leadership Academy Opens Nationwide Enrollment — State ESA Scholarships Cover Full Tuition for Families in 7 States
- Boston Industrial Solutions Introduces New Natron® 310 Hyper White UV Ink for Enhanced Printing Performance
- Nevada Boxing Hall of Fame Announces 14th Annual Induction Gala Weekend Honoring Classes of 2025 and 2026
Polykemi AB, a Swedish manufacturer of plastic compounds, will create 22 new jobs in Gaston County, Governor Roy Cooper announced today. The company will invest $11.8 million to locate its first U.S. production facility in the Gastonia Technology Park.
"We are pleased to welcome another global manufacturer that has selected North Carolina for their North American operations," said Governor Cooper. "Polykemi's decision emphasizes our state's world-class talent and affirms the strength of our economy in the global market."
Polykemi AB, part of the Polykemi Group, has been providing custom plastic compounds for the automotive, furniture and household industries for more than 50 years. The plastic compounds are formulated into granules to be melted and injection molded for automotive components, household interiors and more. Polykemi is a third-generation family-owned company with sales offices worldwide and factories in Sweden and China, including a recycling operation and innovative packaging company. The new Gastonia manufacturing plant will be the company's first North American operation and represents Polykemi's single largest investment to date.
More on ncarol.com
"Since creating our subsidiary Polykemi Inc. in 2012 our aim has been to establish a production site in the US and we are very happy to announce that this project is now becoming a reality," said Johan Hugoson, CEO of Polykemi Inc. "Being present with our own production will enable us to get closer to our customers and to explore the many opportunities we see in the US market."
"When international companies choose to expand, they are often attracted to our strong manufacturing workforce," said Commerce Secretary Machelle Baker Sanders. "In addition to our talent, growing companies like Polykemi appreciate North Carolina's robust infrastructure, market access, and affordability to increase their global success."
The North Carolina Department of Commerce led a team of partners in supporting Polykemi's decision to establish a manufacturing plant in North Carolina. New positions include operations, maintenance, finance and managerial personnel. The average annual salary for all new positions is $59,132, creating a potential payroll impact of more than $1.3 million per year. Gaston County's overall average annual wage is $42,018.
More on ncarol.com
A performance-based grant of $50,000 from the One North Carolina Fund will help with Polykemi's expansion to North Carolina. The One NC Fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All One NC grants require a matching grant from local governments and any award is contingent upon that condition being met.
"We are thrilled to welcome another international company to Gaston County," said N.C. Representative John Torbett. "Polykemi's new addition to our business community is just the beginning of a strong partnership to grow our global reputation as a great place to do business. We welcome them to their new home."
"Polykemi's investment is a win for everyone," said N.C. Senator Kathy Harrington. "With a strong, capable workforce and great infrastructure, the people of Gastonia are ready to support the company for many years to come."
Joining the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina were key partners in the project that included the North Carolina General Assembly, the North Carolina Community College System, Gaston College, Gaston County, Gaston County Economic Development Commission, City of Gastonia, Two Rivers Utilities, and Charlotte Regional Business Alliance.
"We are pleased to welcome another global manufacturer that has selected North Carolina for their North American operations," said Governor Cooper. "Polykemi's decision emphasizes our state's world-class talent and affirms the strength of our economy in the global market."
Polykemi AB, part of the Polykemi Group, has been providing custom plastic compounds for the automotive, furniture and household industries for more than 50 years. The plastic compounds are formulated into granules to be melted and injection molded for automotive components, household interiors and more. Polykemi is a third-generation family-owned company with sales offices worldwide and factories in Sweden and China, including a recycling operation and innovative packaging company. The new Gastonia manufacturing plant will be the company's first North American operation and represents Polykemi's single largest investment to date.
More on ncarol.com
- Rushing Headlong: Health IT's Legacy and the Road to Responsible AI is named 2025 Foreword INDIES Book of the Year Awards Winner
- The Problem With AI Isn't Compute. It's Memory
- Golden Visa Countries Outpace Eurozone Growth Over Eight Years, New La Vida Analysis Finds
- Allstream Energy Partners Announced as Official Media Partner for the 2nd Annual Permian Power Conference
- Children's Book for Kids with Limb Differences Coming Soon!
"Since creating our subsidiary Polykemi Inc. in 2012 our aim has been to establish a production site in the US and we are very happy to announce that this project is now becoming a reality," said Johan Hugoson, CEO of Polykemi Inc. "Being present with our own production will enable us to get closer to our customers and to explore the many opportunities we see in the US market."
"When international companies choose to expand, they are often attracted to our strong manufacturing workforce," said Commerce Secretary Machelle Baker Sanders. "In addition to our talent, growing companies like Polykemi appreciate North Carolina's robust infrastructure, market access, and affordability to increase their global success."
The North Carolina Department of Commerce led a team of partners in supporting Polykemi's decision to establish a manufacturing plant in North Carolina. New positions include operations, maintenance, finance and managerial personnel. The average annual salary for all new positions is $59,132, creating a potential payroll impact of more than $1.3 million per year. Gaston County's overall average annual wage is $42,018.
More on ncarol.com
- CCHR Calls Out Psychiatry's Pattern of Resistance to Antidepressant Deprescribing
- Boston Industrial Solutions Introduces New Natron® 310 Hyper White UV Ink for Enhanced Printing Performance
- New analysis reveals second job workers keep just 80p in every pound they earn
- NRE Health Institute Launches International Study Examining Motivations Behind Non-Sexual Nudity
- Asheville Clinician Publishes New Hypothesis on Trigeminal Neuralgia in Elsevier Journal
A performance-based grant of $50,000 from the One North Carolina Fund will help with Polykemi's expansion to North Carolina. The One NC Fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All One NC grants require a matching grant from local governments and any award is contingent upon that condition being met.
"We are thrilled to welcome another international company to Gaston County," said N.C. Representative John Torbett. "Polykemi's new addition to our business community is just the beginning of a strong partnership to grow our global reputation as a great place to do business. We welcome them to their new home."
"Polykemi's investment is a win for everyone," said N.C. Senator Kathy Harrington. "With a strong, capable workforce and great infrastructure, the people of Gastonia are ready to support the company for many years to come."
Joining the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina were key partners in the project that included the North Carolina General Assembly, the North Carolina Community College System, Gaston College, Gaston County, Gaston County Economic Development Commission, City of Gastonia, Two Rivers Utilities, and Charlotte Regional Business Alliance.
0 Comments
Latest on ncarol.com
- $97.9 Million Q1 Revenue Growth Reinforces Transformation Into a Global AI & Digital Services Powerhouse: IQSTEL, Inc. (N A S D A Q: IQST)
- Boston Industrial Solutions Launches Natron® 348 UV Inkjet Ink for Epson S3200 Print Heads
- Heritage at South Brunswick Unveils Luxury Resort-Style Amenities Designed for Every Generation
- CAPHRA warns push for ASEAN vape ban ignores science
- Your Mortgage Toolbox Launches Free Mortgage Calculators That Show the Real Monthly Payment and Cash Needed to Close
- ENTOUCH Recognized on Inc.'s 2026 Best Workplaces List for the Third Year Running
- P-Wave Classics Opens Pre-Orders for Volume II of Robert Bage's Hermsprong
- Montgomery Counseling Group Offers Specialized Therapy for Children and Adolescents in Charlotte
- Tuckwell Machinery Launches New Range of Woodworking Machinery
- A Brave Little Hero with Four Paws
- Revenue Optics Expands Its Private Equity Practice as Sponsors Move Inside Sales to the Center of Distribution Value Creation
- Ecuador Freedom Launches First Scheduled Motorcycle Tour of Northern Peru's Lost Kingdoms
- New from Regal House Publishing, We Meet Apart, two sisters trapped in an Irish country manor
- Lineus Medical Completes Financial Restructuring with KMF Investments- Launching a New Era for SafeBreak
- Exclusive Red-Carpet Screening of High-Stakes Indie Thriller "Queen City: The Hornet's Nest" Coming to North Carolina on June 20th
- Neuro Recovery Institute Showcases Emerging Immersive Neuro-Rehabilitation Technology at Clinical Innovation Open House
- Community, Conservation & Waterwise Inspiration Bloom on June 6
- Industrial and systems engineers celebrate key leaders in the field at IISE Annual Conference
- Cosanostra Miami Rises as the Best Latin Nightclub in Miami in Under Two Years From its Opening
- CCHR Leader's 50-Year Fight for Psychiatric Drug Victims Gains National Momentum