Technimark, a provider of plastic injection molding services, will invest $25.9 million to expand its Asheboro, North Carolina, manufacturing plant, creating 163 jobs during the next three years.
With its global headquarters in Asheboro, Technimark is a global manufacturer of plastic injection molding and assembly services for consumer packaging, cosmetics and medical devices. Technimark has 12 manufacturing locations in the U.S., Germany, Mexico and China. The headquarters and manufacturing facility in Randolph County currently employs nearly 1,000 workers. New employees will make packaging for Technimark’s customers which include some of the world’s largest consumer brands.
“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. “We remain thankful for the State of North Carolina, Randolph County and Asheboro local government’s help with this latest expansion.”
The project was made possible in part by a performance-based grant from the One North Carolina Fund of up to $450,000. 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.
“Technimark is growing across the world and right here at home,” said Governor Pat McCrory. “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.”