View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
April 22, 2022

Technimark to invest $62m to expand healthcare production in Asheboro, US

The company will create 220 jobs to expand its operations in Randolph County.

Packaging solution manufacturer Technimark has announced a new investment to expand its healthcare production capabilities in Asheboro, US.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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.

“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.

Related Companies

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The packaging industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Packaging Gateway