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
Tex-Tech Industries Plans Winston-Salem, North Carolina, Manufacturing Plant
03/20/2023
Patten Seed Company Relocates-Plans Charleston, South Carolina, Corporate Headquarters
03/17/2023
Lexair Expands Lexington, Kentucky, Manufacturing Complex
03/17/2023
Big Valley Brands Expands Dunlap, Tennessee, Operations
03/17/2023
Germany-Based Zollner Elektronik AG Expands Danville-Loudoun County, Virginia, Manufacturing Centers
03/17/2023
Texwrap Packaging Systems Expands Washington, Missouri, Operations
03/17/2023
Most Read
-
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
Q1 2022
-
2022 Top States for Doing Business Provide an Environment for Business Growth
Q3 2022
-
The Top Investment Location Prospects for Aerospace Manufacturing
Q1 2023
-
Strategies to Overcome Intensifying Industrial Real Estate Challenges
Q1 2023
-
What in the World? FDI Trends to Watch in 2023
Q1 2023
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023
-
How Are Economic Developers Partnering to Solve Workforce Challenges?
Q1 2023