GASTONIA Owens Corning plans to start an advanced manufacturing operation in Gaston County, creating 110 news jobs by the end of 2016 and investing more than $120 million in the Gastonia Technology Park.
Gov. Pat McCrory and North Carolina Commerce Secretary Sharon Decker made the announcement on Tuesday.
The Gaston facility will allow Owens Corning to expand its glass non-wovens business in North America. The new facility is expected to be completed by mid-to-late 2015. It will include a state-of-the-art manufacturing line, coating capability and research and development resources with potential for future expansion.
According to a release, the company is a market-leading innovator of glass fiber technology and glass fiber materials used in composites. Owens Cornings glass fiber materials can be found in more than 40,000 end-use composites applications spanning the global transportation, industrial and construction industries.
Its a great day for Gaston County, said Tracy Philbeck, vice chairman of the county commission. The technology theyre bringing has never been on American soil, and that speaks volumes for Gaston County. Gaston County is still on the forefront of recruiting jobs and people.
Arnaud Genis, group president of Owens Cornings Composite Solutions Business, said in a release that Gastonia provides a great foundation for our new glass non-woven facility with its location near the Charlotte and Research Triangle regions.
Celebrating its 75th anniversary in 2013, Owens Corning had sales of $5.2 billion in 2012 and employes 15,000 people in 27 countries on five continents.
Salaries at the Gaston facility will vary by job function, but the total annual payroll for the new jobs will be more than $5.7 million, according to a release.
The project was made possible in part by an award to Owens Corning from the state Job Development Investment program, as voted by the state Economic Investment Committee. Receipt of the award is based on proof of job creation and other performance requirements. JDIGs are awarded only to new and expanding businesses and industrial projects whose benefits exceed the costs to the state, and which would not be undertaken in North Carolina without the grant.
Under the terms of the companys JDIG award, Owens Corning is eligible to receive up to 10 annual grants equal to 75 percent of the state personal income tax withholdings from the eligible new jobs created since the date of the initial award. Receipt of each annual grant is based on state-certified proof that the company has fulfilled incremental job requirements. Over 10 years, the JDIG award could yield aggregate benefits to Owens Corning of up to $1.69 million upon creation of 110 new jobs.
In addition, up to $298,000 in additional funds from the companys JDIG award could be added to the states Utility Fund for infrastructure improvements in economically distressed counties. When a JDIG is awarded to a company whose site is located in the states more economically prosperous counties such as Gaston, 15 percent of the companys grant is allocated to the Utility Fund to encourage economic development in less prosperous counties.
For more information about Owens Corning, including job opportunities, go to www.owenscorning.com/.
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