Textile maker to open plant in Mills River: 46 jobs over three years, investment of $16 M
HENDERSONVILLE, N.C. -- Norafin Americas has selected Mills River for its first U.S. manufacturing facility.
“The world is bullish on North Carolina, especially when it comes to manufacturing,” said N.C. Commerce Secretary John E. Skvarla, III. “Last year, 80 percent of the nearly 5,300 announced new jobs through foreign direct investment projects were in manufacturing.”
According to the office of N.C. governor Pat McCrory, Norafin will create 46 new jobs, and invest $16 million at the location. Norafin Americas will hire operators, supervisors, technicians and managers. While compensation will vary by position, the average salary of the new jobs will be $35,524 per year. Overall annual wages for Henderson County currently average $35,287.
Governor Pat McCrory, N.C. Commerce Secretary John E. Skvarla, III, and the Economic Development Partnership of North Carolina announced Monday that Norafin Americas, Inc. will establish a manufacturing plant in Henderson County, which will create 46 new jobs during the next three years.
The German nonwoven textile maker will invest $16 million at a location in Mills River for its first production facility outside of Germany.
“The arrival of Norafin Americas builds on North Carolina’s global leadership in manufacturing,” said Governor McCrory. “Our state’s exceptional workforce, convenient access to major markets and outstanding business climate will support this growing company as it expands production into North America.”
Norafin Americas develops, produces and sells high-performance, specialty, nonwoven fabrics to buyers across the protective barrier, industrial, filtration, medical, automotive, apparel, and other technical markets.
In March 2016, VR Equitypartner, a leading equity capital company in Germany, Austria and Switzerland became the majority shareholder. In July 2016, investment management company, Maxburg Capital Partners, joined the shareholders to further strengthen future growth into the US. Norafin currently runs a sales office in Asheville.
Norafin Americas’ arrival in North Carolina was facilitated in part by a performance-based grant of up to $100,000 from the One North Carolina Fund. The One NC Fund provides financial assistance in support of local governments in creating jobs and attracting economic investment.
Companies receive no money up-front and must meet job creation and capital investment targets to qualify for payment. All One NC grants are contingent upon a local government match.