Packaging solutions firm Sealed Air is investing $10.4m over three years in Caldwell County as it expands its manufacturing plant in Lenoir, North Carolina, US.
Presently, the company has its manufacturing sites in Lenoir, Hudson and High Point, North Carolina.
The Lenoir project will renovate the facility, add new equipment and improve production capacity. The company will create 25 jobs.
Sealer Air’s expansion is being supported by a $100,000 grant over the next three years from the One North Carolina Fund. The fund offers financial assistance to local governments to help attract economic investment and to create jobs.
Sealed Air plant manager Karen Crisp said: “Sealed Air Corporation and, in particular, the Sealed Air Lenoir Facility, sincerely appreciate the partnership and financial commitment that the state of North Carolina has demonstrated through its support of our investment in this facility and its talented and committed employees.”
North Carolina State Commerce Secretary Anthony Copeland said: “Sealed Air has been a partner in North Carolina since deciding to locate its global headquarters in Charlotte in 2014.
“We look forward to continuing to work with Sealed Air to expand and bring good jobs to North Carolina.”
The companies will only receive the money after they meet the job creation criteria and capital investment targets. The state incentive needs a matching grant from local governments.
Sealed Air claims that the jobs it will create at its expanded plant will have an average salary of up to $49,306 annually, while the average salary in Caldwell County is $34,744.
Image: Bubble Warp manufacturer Sealed Air to invest $10.4m in North Carolina plant. Photo: Courtesy of Economic Development Partnership of North Carolina.