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
AmplifyBio Establishes New Albany, Ohio, Facility
05/25/2022
Buffalo River Truss Relocates-Expands Lobelville, Tennessee, Operations
05/25/2022
Britain-Based Exurban Plans Fort Wayne, Indiana, Smelter Refinery
05/24/2022
South Korea-Based TYM-USA and Branson Plan Rome, Georgia, Tractor Factory
05/24/2022
Hyundai Motor Group Plans Bryan County, Georgia, Electric Vehicle-Battery Plant
05/23/2022
UTAC Establishes Redford, Michigan, Operations
05/23/2022
Most Read
-
The Evolution of the Megasite
Q2 2022
-
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
Q1 2022
-
Rail Gains Advantage Amidst Supply Chain Snarls
Q2 2022
-
The 2021 Top States for Doing Business Reflect Their Locational Advantages
Q3 2021
-
2021 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
Q2 2021
-
Innovative and Collaborative Design Sets the Stage for Life Science Innovation
Q2 2022
-
Trends in Data Center Site Selection
Q2 2022