, a producer of injection-molded plastics for various consumer products, will take over a closed manufacturing facility in Greensboro and create 150 jobs, Gov. Mike Easley's office announced Thursday.
The company, which is based in Asheboro, will receive a $150,000 One North Carolina Fund grant as well as additional local incentives as part of its expansion. Such state grants require at least a local match.
The creation of jobs and a $4.5 million investment in the plant will take place over the next three years. Average wages at the plant will be $736 plus benefits.
Carolina Precision Plastics acquired an injection-molding facility that was closed earlier this month by Core Systems. Core Systems also laid off nearly 100 workers.
According to Easley's office, 65 of the new hires by Carolina Precision Plastics are likely to be laid-off Core Systems workers.
Carolina Precision Plastics considered expanding its operation out of state before settling on the Greensboro location.
"The State of North Carolina has been a terrific business partner of Carolina Precision Plastics throughout our 20 years of operation in Asheboro," Brian Tauber, the firm's chief executive officer, said in a statement. "Based on our continued growth, recent acquisition and fully utilized facility, we have been active in seeking a second operating location. While our initial search focused on out-of-state facilities, the support that we have received from the state, the city and the county has enabled us to keep all of our operations in North Carolina and remain competitive with manufacturers from other states and countries."
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