Germany-Based RAUMEDIC, Inc. Invests $26.3 Million In North Carolina Manufacturing Center
Headquartered in Germany, RAUMEDIC manufactures polymer components for devices and its products are used in the medical and pharmaceutical industries. It has approximately 580 employees and is part of the REHAU group, a Polymer Specialist, employing 18,000 people worldwide.
“Our new United States production and headquarters will combine the strength of American and German engineering to offer high-precision extrusion, molding and assembly of medical and pharmaceutical grade polymer materials. For us, Henderson County provides an experienced and skilled workforce and the ideal business environment for our investment,” said Martin Bayer, CEO of RAUMEDIC.
The project was made possible in part by a performance-based grant from the One North Carolina Fund of up to $500,000. 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 reimbursements. OneNC also requires and are contingent upon local matches.
“North Carolina’s bio pharma industry continues to grow, and this announcement by RAUMEDIC is proof of that,” said Governor Pat McCrory. “The decision to locate this U.S. headquarters here speaks volumes about everything North Carolina has to offer to growing companies, both domestic and international.”
In addition to the N.C. Department of Commerce and the Economic Development Partnership of N.C., other partners that helped with this project include: North Carolina Community College System, NCWorks, Duke Energy, Henderson County Partnership for Economic Development, the town of Mills River and Henderson County.
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