Plastics Manufacturer Expands in Richmond County with $5.3 Million Investmentbladenonline 04/18/2019 0 COMMENTS
RALEIGH: Superior Plastics Extrusion Company, Inc., known as Impact Plastics, will expand its manufacturing operations in Richmond County and create 13 jobs, Governor Roy Cooper announced today. The company will invest $5.3 million in Hamlet.
“This announcement is just the latest example of a manufacturer finding success in North Carolina and deciding to expand their footprint here,” Gov. Cooper said. “Impact Plastics’ decision proves our strong workforce makes our state one of the best places to do business.”
Impact Plastics is a privately held, family-owned and operated custom sheet extruder, with plants in Hamlet and Putnam, CT. The company specializes in high efficiency, tight tolerance, thin gauge extruded sheet and roll stock. Impact Plastics’ diverse product offerings include commodity thermoplastic resin materials, which are highly customizable and suitable for a variety of end-use applications, including food, cosmetic and medical packaging. The company’s customers include custom and proprietary thermoformers.
“When faced with the decision about where to implement our expansion, North Carolina became the obvious choice,” said Bill J. Burke, Jr., General Manager for Impact Plastics. “During the last 14 years of manufacturing at our Hamlet plant, the business environment fostered by both the state of North Carolina and Richmond County has always supported our growth initiatives. Their focus on supporting economic development within the state, combined with an excellent local workforce, has greatly contributed to our growth. With this continued support, we’re moving forward with this exciting project.”
“North Carolina is the top state for manufacturing in the Southeast,” said North Carolina Secretary of Commerce Anthony M. Copeland. “From our excellent, low-cost business environment to the ‘can-do’ attitude of our workers, North Carolina attracts the best manufacturers and I welcome Impact Plastics’ decision to expand in Richmond County.”
The North Carolina Department of Commerce and the Economic Development Partnership of N.C. (EDPNC) were instrumental in supporting the company’s expansion decision.
Salaries for the new jobs will vary by position but the average annual wage will be $76,412. The average annual wage in Richmond County today is $34,008.
A performance-based grant of $38,000 from the One North Carolina Fund will facilitate Impact Plastics’ expansion in North Carolina. The One N.C. 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.
In addition to N.C. 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, Richmond County and the Richmond County Economic Development Department.Share: