Packaging solution manufacturer Technimark has announced a new investment to expand its healthcare production capabilities in Asheboro, US.
The company will invest $62m to support growth in the healthcare and consumer packaging markets.
Technimark’s Randolph County project, announced by North Carolina Governor Roy Cooper, will help the company address the demand from medical device companies that require US manufacturing.
It will also create jobs for 220 people. Wages will vary depending on job role, but the average salary for all the new positions will be $44,290.
Technimark president and CEO Brad Wellington said: “We’re excited to expand our healthcare manufacturing capabilities at our Asheboro headquarters.
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“The commitment and support we have received from the State of North Carolina has been invaluable to making this expansion a reality, allowing us to create more well-paid jobs for the dedicated workforce in Randolph, and surrounding counties.”
For this project, the North Carolina Department of Commerce, and the Economic Development Partnership of North Carolina, will partner with other stakeholders including the North Carolina General Assembly, the North Carolina Community College System, the Rail Division of the North Carolina Department of Transportation, and many more.
In addition, the state’s assistance for the project’s site evaluation and decision-making process was managed by the North Carolina Department of Commerce.
The Job Development Investment Grant (JDIG), approved recently by the state’s Economic Investment Committee, will facilitate part of the project.
Governor Cooper said: “It’s always great to see a North Carolina company expand in our state. Manufacturers like Technimark know firsthand how well we support them, from our skilled workforce, to a transportation network that makes it easy to reach customers quickly and efficiently.”
Headquartered in Asheboro, Technimark specialises in precision injection moulding, value-added assembly, and full supply chain services.