Menu
ncarol.com
  • Home
  • Business
  • Health
  • Real Estate
  • Non-profit
  • Arts
  • Technology
  • Entertainment
  • Education
ncarol.com

North Carolina: Plastic Manufacturer to Establish First North American Operation in Gaston County
ncarol.com/10111090

Trending...
  • Suzanne Harp named Managing Director in Texas, USA
  • Anthony B. Bonapart Featured on the Cover of Entrepreneurs in the Spotlight Magazine
  • This Ain't Press. This Is Pressure — Star Command by RansomXX is Out Now
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
  • Lore Link is Here to Help Organize Your Game
  • Chappaqua's Annual Townwide Summer Sale – Unbeatable Savings at Your Favorite Local Boutiques!
  • Skyline Partners with ZenSpace to Offer Private Meeting Pods for Trade Show Exhibitors
  • AI Innovation Dual-Strategy Business Model Focused on Real Estate Development for Strategic Expansion: OFA Group, (N A S D A Q: OFAL)
  • Construcción del Corredor Norte–Sur (NSC) de Singapur

"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
  • New Report: Slip and Fall Accidents Rank as the Leading Cause of Construction Site Fatalities
  • Get Your Cowboy Boots On! Causeway Country BBQ Music Festival Kicks Off September 12–14 in Ft. Pierce
  • Retired Hobbyist Launches Bold Weekly Album Project Using AI Songwriting Tools
  • DimHum Launches Revolutionary CrowdShipping Service
  • Eolian Signs New Information Exchange Agreement with the U.S. Department of Defense for Technology Innovation

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.


Filed Under: Government, State

Show All News | Report Violation

0 Comments
1000 characters max.

Latest on ncarol.com
  • AI-Based Neurotoxin Countermeasure Initiative Launched to Address Emerging National Security Needs: Renovaro, Inc. (N A S D A Q: RENB)
  • The Naturist World Just Shifted — NaturismRE Ignites a Global Resurgence
  • $796,000 in Q2 Revenue Marks Highest Earnings to Date on 3 Trailing Quarters of Profitability in Multi-Billion Homebuilding Sector: Stock Symbol: IVDN
  • Cybersecurity is THE Hot Market Sector; Revenues, Earnings & Profit matter; Only 33 Million Shares + a Huge Short Position Equal an Undervalued Stock
  • Despite Global Calls for a Ban, US Child Psychiatry Pushes Electroshock for Kids
  • Franco Polished Plaster Celebrates 35 Years of Bringing Walls to Life in the UK
  • Spartan & Guardians Partner with Guitar Legend Buckethead to Support Global Child Rescue Efforts
  • Preliminary.online Introduces Short-Term Job-Readiness Courses with Employer-Verified Certifications
  • Psychologist-Turned-Hermeticist Releases Modern Guide to the Seven Hermetic Principles
  • Winners Announced for Asia Pacific Business Awards 2024-2025
  • Hamvay-Lang and Lampone.hu Join Forces with AIMarketingugynokseg.hu to Elevate Hungarian Lifestyle Brands on the Global Stage
  • Google AI Quietly Corrects the Record on Republic of Aquitaine's Legal Sovereignty
  • NYC Leadership Strategist Stacie Selise Launches Groundbreaking 4S Framework Series to Redefine Executive Excellence
  • Seaside Art Gallery Announces The July 4th Event with David Hunter and The Art of Etchings
  • Make Innovation Matter: Support H.R.1's R&D Expensing Relief for American Small Businesses
  • Agreement to Supply US-Based Defense Provider with Thin-Film Solar Tech for Orbital Application; Ascent Solar Technologies, Inc. (N A S D A Q: ASTI)
  • Byrd Davis Alden & Henrichson Launches Independence Day Safe Ride Initiative with 500 Free Uber Credits
  • Gastonia Pediatric Associates Welcomes Charlene Guffey, FNP-C, to Expanding Medical Team
  • databahn Launches GenAI Sales Intelligence Platform to Revolutionize Fortune 500 and Global 2000 Account Research
  • IRF Builders Forum Brings Global Leaders to Washington, D.C. to Advance Religious Freedom Through Cooperative Engagement
_catLbl0 _catLbl1

Popular on ncarol.com

  • Real Estate CEO Launches Explosive New Book After $275,784 Wire Fraud Incident - 102
  • Experience Trembling Firsthand with the New AgeMan® Tremor Simulator
  • Scott Burton Announces Chaos: Volume 1 – A Journal of Being Human
  • $750 Million Market Projected to Reach $3.3 Billion Globally in 2034 for New Drug Application Filed on Preservative-Free IV Ketamine: NRx Pharma, Inc
  • Pregis Empowers Foam-in-Place Customers to Fight Water Insecurity with Inspyre Film
  • Shelter Structures America Appoints Shannon Heller as New Inventory Manager, Bolstering Operational Excellence in the Commercial Tent Industry
  • Fusion Marketing Group Celebrates 15 Years of Transforming Healthcare Recruitment Marketing
  • Western Carolina Emergency Network Accepts 2025 ReadyCommunities Partnership/CCROA National Service Award for Collaboration to Augment Local Response
  • Kaplan Morrell Applauds Passage of Landmark Workers' Compensation Reform in Colorado
  • Power Up Church Launches "The Power Core": A Bold New Giving Model Energizing Real-World Impact

Similar on ncarol.com

  • Stan Fitzgerald Appointed Acting Press Secretary for Veterans for America First VFAF Georgia State Chapter
  • Eolian Signs New Information Exchange Agreement with the U.S. Department of Defense for Technology Innovation
  • Despite Global Calls for a Ban, US Child Psychiatry Pushes Electroshock for Kids
  • Byrd Davis Alden & Henrichson Launches Independence Day Safe Ride Initiative with 500 Free Uber Credits
  • IRF Builders Forum Brings Global Leaders to Washington, D.C. to Advance Religious Freedom Through Cooperative Engagement
  • Nationally Recognized Hispanic Activist and Businessman, Luis Figueroa, to speak at CPAC Latino 2025, Showcasing Hispanic Leadership in Action
  • ASCLD Applauds the Publication of ISO 21043 - International Standards for Forensic Science Process
  • New Frontier Aerospace Successfully Tests Its Revolutionary Mjölnir Rocket Engine
  • Profiting from Elder Harm: The Push to End Psychiatric Drugging in Nursing Homes
  • 14th CryptoSuper500 Report Releases: Bitcoin's Evolution into a Global Supercomputer
Copyright © 2025 ncarol.com | Contact Us | Privacy Policy | Terms of Service | Contribute