It's official: Manufacturer chooses the Randolph County for $26M expansion, 163 new jobs

November 7, 2014

Technimark made it official Friday that it plans to invest millions in its Asheboro plant and add at least 163 new jobs, according to the office of Gov. Pat McCrory.

The global injection molding company plans to undertake the expansion during the next three years, and boost an already sizable work force in Randolph County of close to 1,000.

As the Triad Business Journal reported earlier, the 140,000-square-foot Asheboro expansion will follow the addition of a new manufacturing facility in Mexico that will create a work force there of more than 250. Technimark employs more than 2,500 worldwide with locations in Germany and Suzhou, China as well.

"Technimark is growing across the world and right here at home," McCrory said in making the announcement. "This company remains committed to North Carolina and the Asheboro community, and plans to build a new facility for its consumer products and health care business."

New employees at the company can expect an average annual wage of $33,352 plus benefits. That runs slightly above to the county average of $32,636.

"Technimark's new manufacturing plant will be part of our global strategy to operate facilities near our customers and ensure quality products and exceptional service," said Fred Richey, vice president of corporate development for the company.

An incentives package for the project will include a performance-based grant of up to $450,000 from the One North Carolina Fund.