Mexico-based Nutec Group, a producer of high temperature insulation fibers used in the fire protection, metal, glass, automotive and petroleum industries, will develop a new advanced manufacturing facility in Huntersville, North Carolina. The company plans to create 61 new jobs over the next three years.
The company also plans to invest $19.2 million in the town of Huntersville over the same period to construct a new 62,500 square foot plant. The new jobs will include production and warehouse workers, maintenance and quality control. “North Carolina is connected with another first as Nutec chose our great state for its first United States manufacturing plant,” said Governor McCrory. “Our manufacturing base continues to grow and strengthen.”
“Nutec recognized that North Carolina’s highly skilled workforce is a great fit along with great location to make and distribute products to its U.S. and Canadian customers,” said N.C. Commerce Secretary John E. Skvarla III. “This expansion sends a strong signal that manufacturing is alive and well in our state."
“Nutec is proud to announce an expansion of its manufacturing technology into the state of North Carolina,” said Gerardo Muraira, Nutec Operations Director. “North Carolina was chosen for the location for the utility and transportation advantages and the state contains an exceptional workforce. In addition, we can service our customer base quicker and provide more cost effective transportation.”
As an incentive, the project was made possible in part by a performance-based grant from the One North Carolina Fund of up to $100,000. 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.
The proposed facility is contingent upon approval of a Business Investment Program grant by the Mecklenburg County Board of Commissioners, as well as Economic Development Incentive grant approval by the Huntersville Town Board of Commissioners.
In addition to N.C. Commerce and the Economic Development Partnership of N.C., other partners that helped with this project include NC DOT, NC Revenue, NCWorks, the North Carolina Community College System, Mecklenburg County, town of Huntersville, Lake Norman Economic Development, Energy United, Charlotte Chamber, and Charlotte Regional Partnership.