Trending...
- Arc Longevity Sells Out Debut Women's Creatine Gummy
- $300 Million Web3 Initiative and ZIGChain Partnership Power $20 Target in Noble Capital Markets Report for SEGG Media (N A S D A Q: SEGG)
- $430 Million 2026 Revenue Forecast; 26% Organic Growth; $500,000 Stock Dividend Highlight a Powerful AI & Digital Transformation Story: IQSTEL $IQST
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
- POWER SOLUTIONS N.V. Partners with ENERGY33 LLC to Deliver a 40.5 MW Temporary Power Project for ECUACORRIENTE S.A. in Ecuador
- Pioneering the Future of Human-Computer Interaction Through AI-Powered Neural Input Technology: Wearable Devices Ltd. (N A S D A Q: WLDS)
- Epic Pictures Group Sets North American Release Date for the Action Thriller LOST HORIZON
- HR Soul Consulting Recognized as a 2025 Inc. Power Partner Award Winner for the Fourth Consecutive Year
- Brazil 021 Chicago Launches New Website and Expands with No-Gi Classes for All Levels
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
- American Star Guard Unveils a Powerful Rebrand and Expanded Security Services Throughout Nevada
- PlaceBased Media Expands Point-of-Care Advertising Inventory Across U.S. Clinic Network
- Flexible Plan Investments launches FlexDirex, a first-to-market suite of single-stock ETF strategies in the U.S
- A Dream Set Sail: How Grant a Dream™ Helped Lance Cruise Toward Joy
- The Brands + Bands Strategy Group Founder Nadia Vanderhall Selected For Intuit IDEAS Program
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
- $430 Million 2026 Revenue Forecast; 26% Organic Growth; $500,000 Stock Dividend Highlight a Powerful AI & Digital Transformation Story: IQSTEL $IQST
- Wzzph Deploys 5-Million-TPS Trading Engine with Hot-Cold Wallet Architecture Serving 500,000 Active Users Across Latin America
- Preston Dermatology & Skin Surgery Center and Dr. Sheel Desai Solomon Dominate Raleigh's Best Awards from The News & Observer
- $73.6 Million Multi-Year Backlog and Florida State Term Contract Drive Momentum for AI-Cybersecurity Pioneer: Cycurion, Inc. (N A S D A Q: CYCU) $CYCU
- Year-Round Deals for Customers With Square Signs
- SecurePII Raises US$3.5M (A$5M) to Unlock AI and Compliance for Voice Data and Expands Global Presence
- Peter Coe Verbica Stands with Rural Families and Horse Owners: "Keep Horses Classified as Livestock"
- The Mobile-First Company Raises $12M to Build Simple, Powerful Software for Small Teams
- Lick Pineapple Flavored Massage Oil Outperforming and Enticing
- Cerberus ODC in Collaboration with NVIDIA Launches All-American AI-RAN Stack, Enabling AI-Native 5G Today and Accelerating the Path to 6G
- National Compliance Firm issues Artificial Intelligence Policy Program for Mortgage Banking
- Pastor Darrell Armstrong Suspends Gubernatorial Campaign And Endorses Mikie Sherrill
- Dr. Johnny Shanks Attends Full Arch Growth Conference 2025
- Offline Asset Protection: NJTRX Implements 98 Percent Cold Storage as Industry Faces 2 Billion USD Losses
- Thousands of Smiles, Millions of Logo Views: RoarFun Brings Emotions Into Premium Retail Spaces with Formula Simulator for Immersive Brand Activation
- Qvarz LLC Expands Global Reach with High-Precision Quartz Cuvettes and Optical Components
- $300 Million Web3 Initiative and ZIGChain Partnership Power $20 Target in Noble Capital Markets Report for SEGG Media (N A S D A Q: SEGG)
- Assent Recognizes Manufacturers for Leading Supply Chain Sustainability Programs
- Arc Longevity Sells Out Debut Women's Creatine Gummy
- Frost Locker: New Research Reveals Mild Cold—Not Extreme Cold—Delivers Real Health Benefits of Cold Therapy