Gov. Pat McCrory and Commerce Secretary Sharon Decker announced Monday that a Stanly County manufacturer will expand its plant over the next three years, creating 25 new jobs and investing $3.8 million.
Fiber Composites, LLC, doing business as Fiberon, will expand its operations in New London, the governor said. The company makes composite and PVC decking, railing and fencing products used in homes and light commercial construction across North America.
“Creating manufacturing jobs across North Carolina has been a priority within my administration’s economic plan,” said McCrory. “Stanly County and the overall region will benefit greatly from this expansion.”
Salaries will vary, but average yearly payroll is estimated at more than $736,450 plus benefits. Stanly County’s average annual wage is $30,546.
The privately-owned company, founded in 1997, has operations in North Carolina and Idaho. Its New London facility is the North American division headquarters, and the company employs 324 workers in North Carolina.
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