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Israel-Based Syfan Manufacturing Invests More Than $6.5 Million To Expand Its Everetts, North Carolina, Manufacturing Facility

Area Development Online News Desk (04/28/2014)
Israel-based Syfan Manufacturing, Inc. will invest more than $6.5 million to expanding its manufacturing operations in Everetts, North Carolina, with plans to create 24 jobs over the next three years Martin County.

A supplier of quality shrink and over-wrap films to the U.S. market, Syfan Manufacturing is expanding local manufacturing capabilities in Everetts to further offer competitive pricing, excellent service and to support its broad customer base, state economic development officials said. Operating on rotated 12 hour shifts, Syfan has been selling sytec polyolefin in the United States since 1985. Its plan is to add 50 percent to the present production. Syfan Manufacturing, Inc. currently employs 73 full-time workers in eastern North Carolina.

“The decision to expand the existing plant was accepted following the corporation's satisfaction from the excellent cooperation with the county and the state in the decade since the plant’s establishment,” said Alon Kessler, President of Syfan. “The company’s expansion will support potential market growth in North America. In addition to expanding the production capacity, the new line will give us the option to develop sophisticated products to be more competitive in the North American market.”

“This is great news for Martin County and Eastern North Carolina,”said Governor Pat McCrory. “Our talented workforce, high-quality education system, and pro-jobs policies continue to signal to the private sector that North Carolina is a great place to do business. We would like to thank Syfan for its investment and we look forward to watching them grow and expand here in North Carolina.”

The project was made possible in part by a performance-based grant from the One North Carolina Fund of up to $120,000. The One NC Fund provides financial assistance, through local governments, to attract business projects that will stimulate economic activity and create new jobs in the state. Companies receive no money up front and must meet job creation and investment performance standards to qualify for grant funds. These grants also require and are contingent upon local matches.

Partners that helped with this project include: the N.C. Department of Commerce, N.C. Community Colleges, Martin Community College, Martin County, Martin County Economic Development and Edgecombe-Martin County EMC.

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