Baltek, a maker of core materials for the wind energy, mass transit, marine, and military markets, is moving to High Point, North Carolina. The company will invest $3.25 million and create 68 jobs in the coming three years. The One North Carolina Fund has extended Baltek a $204,000 grant.
"The consolidation and relocation of Baltek's activities to High Point is of strategic significance to the business. High Point will provide us a solid basis from which we can continue to competitively serve our customer base into the future," said Pierre Monéton, president of Core Materials of 3A Composites, of which Baltek is a member. "We are most appreciative of Governor [Bev] Perdue and Secretary [Keith] Crisco for their dedicated efforts to make this project a reality in North Carolina."
Baltek, which is based in New Jersey, produces materials for manufacturers to make lightweight sandwich structures that allow products to become lighter, and thus more energy efficient.