Finland-Based Premix Group Plans Gaston County, North Carolina, Manufacturing Plant
05/10/2022
The new facility will be in the Apple Creek Corporate Center and will include manufacturing, warehouse, office and lab space for its diagnostic testing operations.
“The new capacity will improve Premix’s global supply capability and mitigate risks in global supply chains,” says Jari-Matti Mehto, President and CEO of Premix, Inc. “With the new U.S. plant, we will improve our ability to serve our customers in the important U.S. market.”
As an incentive a performance-based grant of $75,000 from the One North Carolina Fund will help with Premix’s location to North Carolina. The One NC Fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All One NC grants require matching participation from local governments and any award is contingent upon that condition being met.
“We are delighted to welcome Premix to North Carolina, where we have the largest manufacturing workforce in the southeastern United States,” said Commerce Secretary Machelle Baker Sanders. “Global companies need a world-class workforce to execute its advanced manufacturing expansions and our workforce development strategies and training partnerships will help support those expansions.”
Based in Finland, Premix Group is a family-owned company that manufactures electrically conductive plastics. The company’s plastic compounds have been distributed across the globe for more than three decades. Premix serves the automotive, diagnostics, electronics, life sciences, and other industrial sectors.
In addition to the N.C. Department of Commerce and the Economic Development Partnership of North Carolina, other key partners in the project include the North Carolina General Assembly, the North Carolina Community College System, Gaston College, Gaston County, the Gaston County Economic Development Commission, and Rutherford Electric.
Project Announcements
Bosch Expands Lincolnton, North Carolina, Operations
06/02/2023
Little Leaf Farms Establishes McAdoo, Pennsylvania, Greens Production Complex
06/02/2023
Swiss-Based Sulzer Pumps Solutions Plans Easley, South Carolina, Operations
06/01/2023
Finland-Based ADMARES Plans Waycross, Georgia, U.S. Manufacturing Plant
06/01/2023
Toyota Plans Georgetown, Kentucky, Electric Vehicle Operations
06/01/2023
Ranger Design Establishes North Charleston, South Carolina, Operations
05/31/2023
Most Read
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023
-
Is a Flurry of Fads Shaping Economic Development Policy?
Q2 2023
-
Nearshoring — North America’s Next Factory
Q2 2023
-
Front Line: Water Supply Increasingly Affecting Location Decisions
Q2 2023
-
Life Science Conversions in Real Estate
Q2 2023
-
First Person: Labor Crunch in the Construction Industry
Q2 2023
-
19th Annual Consultants Survey: Clients Challenged by Tight Labor Market, Energy Availability
Q1 2023