Asbury Graphite of North Carolina Expands Lumberton, North Carolina, Plant Operations
08/18/2022
The investment will include a new quality assurance lab, renovation for shipping and maintenance offices, and added employee amenities of showers, locker area, and restrooms. The company will also repurpose and upgrade two large warehouses for the production of Edge Functionalized Graphene, an environmentally friendly advanced material.
“This investment is a significant achievement for the Lumberton plant,” said Travis Toth, Plant Manager for Asbury Graphite of North Carolina “We’re excited to produce this next-generation material here in North Carolina.”
As an incentive, a performance-based grant of $65,000 from the One North Carolina Fund will help the expansion. 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’re delighted to have Asbury Graphite increase their investment in rural North Carolina,” added N.C. Commerce Secretary Machelle Baker Sanders. “Our economic development strategy is a commitment to providing a diverse talent pipeline for growing companies across all industries.”
Asbury Graphite of North Carolina serves the automotive, steel, and other industries with carbon products, including graphene, for various applications.
Project Announcements
RxLightning Establishes New Albany, Indiana, Headquarters
10/04/2022
Nucor Corporation Expands Huger, South Carolina, Operations
10/03/2022
India-Based Responsive Industries Plans Mauldin, South Carolina, Distribution Hub
10/03/2022
Ford Motor Expands Louisville, Kentucky, Plant
10/03/2022
Heritage Battery Recycling Plans Eloy, Arizona, Lithium-ion Recycling Plant
09/30/2022
Nexteer Automotive Expands Buena Vista Township, Michigan, Operations
09/30/2022
Most Read
-
2022 Top States for Doing Business Provide an Environment for Business Growth
Q3 2022
-
2022 Top States Workforce Development Programs
Q3 2022
-
The New Industrial Ecosystem
Q3 2022
-
The 2021 Top States for Doing Business Reflect Their Locational Advantages
Q3 2021
-
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
Q1 2022
-
Location Factors in the EV Industry — “Mission Critical” or “Nice to Have”?
2022 Auto/Aero Site Guide
-
2022 Top States Commentary: Site Selection – When You Are Good, You Win!
Q3 2022