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Dymax Plans Monroe, North Carolina, Manufacturing Facility

Dymax Corporation, a global chemical and plastics manufacturer, will open a new manufacturing center in Monroe, North Carolina. The $46.7 million project is expected to create 227 jobs.

The company will establish a manufacturing, warehouse, and office space of more than 100,000 square feet in Union County.

“Dymax is experiencing steady and significant growth, and our expansion from our Northeast roots into North Carolina opens doors to outstanding labor, technical and logistic resources,” said Aaron Mambrino, President of Dymax North America. “The combination of available resources and solid support from state and local officials made North Carolina a great choice.”

The project will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee. Over the course of the 12-year term of this grant, the project is estimated to grow the state’s economy by $933 million. Using a formula that takes into account the new tax revenues generated by the new jobs, the JDIG agreement authorizes the potential reimbursement to the company of up to $1,247,250, spread over 12 years.

State payments only occur following performance verification by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets. JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant’s reimbursement payments to a given company.

“We’re pleased to welcome a new manufacturer to North Carolina,” said Commerce Secretary Machelle Baker Sanders. “We’re the top state for manufacturing in the Southeast, thanks to companies like Dymax that understand and appreciate our state’s commitment to maintaining a large and well-trained workforce.”

Founded in 1980, Dymax Corporation serves original equipment manufacturers (OEMs) in the medical, electronics, aerospace, and automotive sectors, among several others. The company pioneered the manufacture of broad-spectrum, light-curable products like adhesives and coatings, as well as a variety of plastics and related equipment.

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