Trending...
- Phinge Exposes Massive AI Security Risks, Claiming Its Patented Hardware-Verified Architecture Is The Only Safeguard Against Surveillance Capitalism
- Dana Flanagan Expands the Authority Architect, Bringing a Nontraditional Approach to Executive Authority, Strategic Access and Business Growth
- Phinge & CEO Robert DeMaio Publicly Declare Cash Settlements or Judgments Alone Cannot & Will Not Remedy the Deep Public Harm of Infringing Its IP
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
- The Sharon at SouthPark Breaks Ground on $178 Million Expansion
- Pattern Recognition In The Arts
- Real Estate Syndication Attorney Tilden Moschetti Releases The Real Estate Private Equity Blueprint
- 5X Gross Margin Improvement to Beat EPS Consensus; $54.6 Million 10-Year Contract Award Puts Cybersecurity Leader on Path to a $30 Million Run Rate
- Couture Master Perfumer JoAnne Bassett Unveils All-Natural Parfum in Oil Collection in Gift Box
"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
- Independent Colbert Packaging Thrives Amid Industrywide Consolidation
- Free Commercial Glass Estimating and Code Compliance Tools Launched by Landmark Construction - The Leading Glass Company in Los Angeles
- Tallahassee Million-Dollar Home Sales Rise in 2026 as Median Selling Time More Than Doubles
- STEM For Kids® Unveil Turn-Key "Screen-Smart" Solution to Bridge Teacher Preparedness Gaps in Texas
- Award-Winning Couture Master Perfumer JoAnne Bassett Launches All-Natural DIY Perfume Making Kits
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
- TOLI CORPORATION's President Visits U.S. to Celebrate Partnerships and Support North American Market
- BumbleBeeSmart Launches Dedicated Sensory Wall Panels Collection for Adults, Memory Care and Senior Living
- BlazeHive's AI SEO Agent Outranks Human Writers on 500+ Google Top-3 Results in 5 Months, on Autopilot
- Priority Property Group Becomes Preferred Property Management Partner for Charlotte Investors
- Inlow Upholstery Expands RV and Camper Upholstery Services in Western North Carolina
- Phinge Exposes Massive AI Security Risks, Claiming Its Patented Hardware-Verified Architecture Is The Only Safeguard Against Surveillance Capitalism
- Phinge & CEO Robert DeMaio Publicly Declare Cash Settlements or Judgments Alone Cannot & Will Not Remedy the Deep Public Harm of Infringing Its IP
- Dana Flanagan Expands the Authority Architect, Bringing a Nontraditional Approach to Executive Authority, Strategic Access and Business Growth
- Phinge's Netverse: Reclaiming the Digital Frontier For Everyone Through CEO Robert DeMaio's Vision of a True App-less, User Data Sovereign World
- DuraFast Label Company Launches Seiko SLP850 2" Thermal Printer with Free Label Promotion
- Scientific Figure Releases Free Layout Template Libraries for Graphical Abstracts and Research Posters
- Permian Museum announces the addition of an Ancient Alien Artifacts photo gallery
- Lease A Sales Rep Rebands to Rent A Sales Rep
- The Golden Jazz Fest Shuttle Returns for 2026
- KeysCaribbean Resorts Offer Savings On Vacations Through Aug. 31, Preview Exceptional Select Fall Rates of Less Than $200/Night
- Fit Body Boot Camp Launches Nationwide 'Fit Body Forever' Workshops to Help Adults 60+ Rebuild Strength and Prevent Falls
- Canadian Aerospace Defence Talent Expo (CADTE) Launches National TalentThread Initiative to Strengthen Canada's Future Workforce
- 5.6 Million EUR in Q1 Project Awards for Integrated IoT Solutions / Data Analytics Subsidiary of Smart City Developer: Affluence (Stock Symbol: AFFU)
- Merger Advancement For Embodied AI Co in Robotic Systems Serving High Value Hospitality, Gaming & Real Estate Sectors: MBody AI Corp. (NAS DAQ: MBAI)
- Hollywood In Pixels Announces Honorees for The 9th Silver PIXel Awards