April 26, 2022
One of the Triad’s largest manufacturing companies is about to get even bigger.
Technimark LLC, which makes products for the health care and consumer packaging sectors, is planning to expand its operations in Asheboro with a $62 million investment, creating 220 full-time jobs in the process.The Asheboro expansion, some $54 million of which is for machinery and equipment, will serve medical device companies that require U.S.-based manufacturing.
Headquartered in Asheboro, Technimark employs 1,435 people across seven different local manufacturing buildings and several warehouses that collectively span 1 million square feet, according to information presented at a public economic incentives hearing March 25.
The company specializes in precision injection molding, value-added assembly, and full supply chain services. It has facilities across the United States, Mexico, United Kingdom, Ireland, Germany and China. Within the U.S., Technimark, which started in Asheboro in 1983, also has facilities in West Virginia, Pennsylvania and Texas.
“The commitment and support we have received from the State of North Carolina has been invaluable to making this expansion a reality, allowing us to create more well-paid jobs for the dedicated workforce in Randolph and surrounding counties,’ said Technimark President and CEO Brad Wellington.
The average salary for the new positions will be $44,290, above the Randolph County average of $40,552. The result will be $9.5 million entering the Triad each year through payroll.
The expansion is more welcome news for Randolph County, where the Greensboro-Randolph Megasite late last year announced plans for a multiphase investment of up to $3.4 billion by Toyota to manufacture lithium batteries for electric and hybrid automobiles. It also expands manufacturing in Asheboro, where Technimark's next-door neighbor, the Arrow subsidiary of Teleflex, has reduced its headcount from 635 five years ago to 81 last year, according to Business Journal research.
The state’s Economic Investment Committee on April 20 approved a Job Development Investment Grant (JDIG) that authorizes a potential reimbursement to Technimark of $1,108,800 over 12 years. The grant is based on estimates that Technimark’s expansion will grow the state economy by $398.5 million over a dozen years. Because Technimark’s expansion will occur in Randolph County, which is classified as a Tier 2 community under the state’s system, the state will move an additional $123,200 into its Industrial Development Fund’s utility account. That account helps rural communities finance infrastructure upgrades to attract business.
Asheboro and Randolph County in late March each authorized incentives of $475,000, for a total of $950,000 in local incentives over five years. The North Carolina Railroad also agreed, through its NCRR Invests program, to provide $250,000 to assist in the construction of a new on-site rail spur for Norfolk Southern to serve the new facility, a move that is expected to result in an additional 40 rail cars per year.
“Investments like this are the result of strong partnerships,” said Carl Warren, NCRR president and CEO. “NCRR appreciates the opportunity to contribute to an effort which included Randolph County, the city of Asheboro, the N.C. Department of Commerce, the Economic Development Partnership of North Carolina, and many others who made this important project a reality. These wins are always a team effort, resulting in the creation of new jobs for the people of North Carolina.”
Other partners include the N.C. General Assembly, the N.C. Community College System, the N.C. Department of Transportation, Duke Energy, Randolph Community College, and the Randolph County Economic Development Corp.
Source: Triad Business Journal
April 6, 2022
A leading global supplier of furniture and architectural hardware components for cabinets, doors, kitchens, bathrooms and more has broken ground on an expansion of its facility in Archdale.
Häfele America has begun work on a 94,200-square-foot high-rise distribution center space at the company’s campus at 3901 Cheyenne Drive. When complete, the facility will comprise 221,200 square feet and will increase storage capacity by 60%. Total investment in the expansion is $13 million. The expansion is expected to add 15 jobs by 2023. The company's Archdale employee headcount was unknown at time of publication.
“The expansion of our North Carolina warehouse is an investment in the future success of Häfele, but also that of our customers,” said Häfele America President Paul Smith. “Through this project we’ll be able to serve all of our customers in a multitude of better, more efficient ways, as well as reduce the company’s carbon footprint by adding solar power to our campus.”
The expanded facility will include a 501 kW solar system consisting of more than 1,100 panels. That investment is expected to provide approximately 75% of the total power used at the facility.
“The equipment and processes employed within our Archdale facility are about to receive a monumental upgrade,” said Director of Operations Jed Kilpatrick. “In addition to increased storage capacity, we’ll be adding the latest automated conveyor lines and product pick systems which will improve responsiveness, efficiency and order accuracy.
Architectural plans for the expansion were developed by Winston-Salem’s West & Stem Architects. Landmark Builders of Winston-Salem is the general contractor and solar installation is being handled by Yes Solar Solutions of Cary. The project is expected to be completed in fall 2022.
Häfele America is a subsidiary of Häfele Group, a family-owned company headquartered in Nagold, Germany. The company makes LED lighting, decorative hardware, opening and closing mechanisms for doors and drawers, in addition to furniture fittings and electronic locking systems. The company supplies manufacturers, architects, designers, contractors and construction professionals in more than 150 countries.
Source: Triad Business Journal