Trending...
- Helping Haircare Brands Launch with Confidence: Bond & Bloom Innovation Group Leads in Product Development
- Georgia's Lanier Islands Resort Announces Return of Magical Nights of Lights
- Paxaterra Global Expands Its Mission to Lead with Soul
RMC Advanced Technologies, Inc. ("RMC"), a manufacturer of molded plastic and composite parts, will develop a new manufacturing operation in Newton, Governor Roy Cooper announced today. The company will invest to expand a facility previously used for plastics manufacturing.
"In these challenging times, North Carolina continues to attract leading manufacturers like RMC because of our strong workforce, our commitment to economic development and the state's ability to manage a crisis well," said Governor Cooper. "Manufacturers know they have a strong partner in our state so we'll continue to see more new jobs."
RMC, part of the Composites Division of Quebec-based NanoXplore Inc., is a solutions‐driven, customer‐focused manufacturer of molded plastic and composite parts and assemblies. RMC develops technologies, product designs and new manufacturing concepts that provide superior services and products to customers. The company's technology specializes in processes that support high-volume, high-speed, and large surface-area molding.
More on ncarol.com
In Newton, RMC will expand a facility that once housed Continental Structural Plastics Inc. The vision for the new operation includes adding a full paint line and other production capabilities, which will enable expanded production shifts, output, and future growth.
"RMC Advanced Technologies is extremely excited to have acquired and, in quick order, to be expanding our new Newton operation to better fulfill the needs of our North American customers," said Ali Karnib, Vice President of Operations – Composite Business Unit. "We greatly appreciate the support from the State of North Carolina, Catawba County, and the City of Newton on this expansion project and we look forward to being an involved corporate citizen in our new community."
"North Carolina welcomes RMC to the state's community of manufacturers, the top state for these companies in the Southeast," said Secretary of Commerce Anthony M. Copeland. "Even in the face of the COVID-19 pandemic, the North Carolina economy is still humming and creating jobs."
More on ncarol.com
Through the project period of 4-5 years, the new jobs may create a payroll impact in the local community of more than $3.57 million per year, pending new business awards to the company.
A performance-based grant of $150,000 from the One North Carolina Fund will help facilitate RMC's project in North Carolina. The grant is contingent on the company creating 80 jobs and investing $7.1 million in the project. 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 also contingent upon that condition being met.
In addition to the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina, other key partners in the project include the North Carolina General Assembly, the North Carolina Community College System, the Western Piedmont Council of Governments, Catawba County Community College, the City of Newton, Catawba County Government, and the Catawba County Economic Development Corporation.
"In these challenging times, North Carolina continues to attract leading manufacturers like RMC because of our strong workforce, our commitment to economic development and the state's ability to manage a crisis well," said Governor Cooper. "Manufacturers know they have a strong partner in our state so we'll continue to see more new jobs."
RMC, part of the Composites Division of Quebec-based NanoXplore Inc., is a solutions‐driven, customer‐focused manufacturer of molded plastic and composite parts and assemblies. RMC develops technologies, product designs and new manufacturing concepts that provide superior services and products to customers. The company's technology specializes in processes that support high-volume, high-speed, and large surface-area molding.
More on ncarol.com
- Chic and Secure: The Blue Luna Debuts Stylish Keychains with Purpose
- BEC Technologies Showcases Leadership in Private Broadband Ecosystem with Inclusion in UTC's Ecosystem Summary Report
- $500,000 in Stock Dividend for Shareholders in 2025 Sweetens The Pot on Success of Becoming Debt Free with No Convertible Notes or Warrants for $IQST
- Aissist.io Launches Hybrid AI Workforce to Solve AI Pilot Failure for Customer Support Automation
- Milwaukee Job Corps Center: Essential Workforce Training—Admissions Now Open
In Newton, RMC will expand a facility that once housed Continental Structural Plastics Inc. The vision for the new operation includes adding a full paint line and other production capabilities, which will enable expanded production shifts, output, and future growth.
"RMC Advanced Technologies is extremely excited to have acquired and, in quick order, to be expanding our new Newton operation to better fulfill the needs of our North American customers," said Ali Karnib, Vice President of Operations – Composite Business Unit. "We greatly appreciate the support from the State of North Carolina, Catawba County, and the City of Newton on this expansion project and we look forward to being an involved corporate citizen in our new community."
"North Carolina welcomes RMC to the state's community of manufacturers, the top state for these companies in the Southeast," said Secretary of Commerce Anthony M. Copeland. "Even in the face of the COVID-19 pandemic, the North Carolina economy is still humming and creating jobs."
More on ncarol.com
- Christy Sports Makes Snowsports More Accessible for Families to Get Outside Together
- MainConcept Completes Management Buyout to Become Independent Company
- LIB Industry Expands Full-Series Salt Spray Corrosion Test Chambers to Meet Global Testing Standards
- The Easy Way to Collect Every Wedding Photo from Your Guests - No App Needed
- REPRESENTATION REVOLUTION: FLM TV Network Launches as America's First Truly Diverse Broadcast Network
Through the project period of 4-5 years, the new jobs may create a payroll impact in the local community of more than $3.57 million per year, pending new business awards to the company.
A performance-based grant of $150,000 from the One North Carolina Fund will help facilitate RMC's project in North Carolina. The grant is contingent on the company creating 80 jobs and investing $7.1 million in the project. 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 also contingent upon that condition being met.
In addition to the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina, other key partners in the project include the North Carolina General Assembly, the North Carolina Community College System, the Western Piedmont Council of Governments, Catawba County Community College, the City of Newton, Catawba County Government, and the Catawba County Economic Development Corporation.
0 Comments
Latest on ncarol.com
- Probate Shepherd® Announces a New Member Probate Attorney in The Woodlands, TX
- Probate Shepherd® Announces a New Member Probate Attorney in Conroe, TX
- Beatrice Thompson to Be Inducted into the Order of the Trojan
- Taraji P. Henson's Boris Lawrence Henson Foundation (BLHF) Announce 5th Annual Can We Talk? Arts & Wellness Summit and "i AM The Table Benefit Brunch
- Mullins McLeod Surges Into SC Governor's Race with $1.4 Million Raised in First Quarter; Most from His Own Commitment, Not Political Pockets
- Mensa Members Put Brainpower to Work for Literacy
- Rep. Gina H. Curry and Dr. Conan Tu Inspire at Kopp Foundation for Diabetes Hybrid Fundraising Gala and National Leadership Forum
- Elliott Expands Investment Services with Naviark App Launch
- SubSoilMulching.com Launches to Raise Awareness About the Most Eco-Friendly Form of Land Clearing
- Restoration Dental Introduces YOMI Robot for High-Precision Implant Surgery in Oklahoma
- Elite Rooter Creates Jobs and Expands Reach Coast to Coast with New Tampa, FL Plumbing Location
- "Super Leftist", the new poetry book by Pierre Gervois
- Innovative Marketplace Nosedrip.com Launches for Global Surf Community
- RNHA FL Unveils Bold New Leadership Ahead of 2026 Elections
- Smith Cotton Co. Launches Digital Fashion Magazine on October 18
- ASI Honors Client Achievements at 27th Annual iNNOVATIONS Conference
- Lightship Security and the OpenSSL Corporation Submit OpenSSL 3.5.4 for FIPS 140-3 Validation
- WADA AWARDS - where Diamonds melt into glamour
- MigWay Ranked #18 Among Charlotte's Top Logistics Companies
- First Nations Bank of Canada Partners with KYC2020 to Strengthen AML Screening and Monitoring Capabilities