Technimark, LLC, manufacturer solutions provider for the healthcare/consumer packaging markets, will expand operations in Randolph County, creating 220 jobs, Governor Roy Cooper announced April 21.
The company will invest $62 million to support growth in its healthcare and consumer packaging markets.
“It’s always great to see a North Carolina company expand in our state,” said Governor Cooper. “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.”
Technimark, headquartered in Asheboro, specializes in precision injection molding, value-added assembly, and full supply chain services. Technimark provides clients with customized, end-to-end packaging solutions that improve quality, reduce risk, lower costs and speed products to market.
With facilities in the United States, Mexico, United Kingdom, Ireland, Germany, and China, Technimark delivers high-quality products worldwide. Technimark’s project in Randolph County will help the company meet supply opportunities from medical device companies that require U.S. manufacturing.
“We’re excited to expand our healthcare manufacturing capabilities at our Asheboro headquarters,” said Brad Wellington, Technimark’s President and CEO. “The commitment and support we have received from the State of North Carolina has been invaluable to making this expansion a reality, allowing us tp create more well-paid jobs for the dedicated workforce in Randolph and surrounding counties.”
“North Carolina’s leadership in manufacturing is recognized around the world,” said North Carolina Commerce Secretary Machelle Baker Sanders. “Our state’s workforce is a key reason for our success, and as our First in Talent plan for economic development makes clear, education and specialized training will prepare our workers to meet the future needs of manufacturers like Technimark.”
Although wages will vary depending on job role, the average salary for all the new positions will be $44,290. The current average wage in Randolph County is $40,552. The community will see more than $9.5 million enter its economy from the project’s payroll impact, each and every year.
Technimark’s project in North Carolina will be facilitated, in part, by a 12-year Job Development Investment Grant (JDIG). The project is estimated to grow the state’s economy by $398.5 million over those years. The company could see up to $1,108,800 in grant payments, also spread over 12 years.
The company’s JDIG agreement also calls for moving $123,200 into the state’s Industrial Development Fund – Utility Account. The Utility Account helps rural communities across the state finance necessary infrastructure upgrades to attract future business.
Partnering with the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina on this project were the North Carolina General Assembly, the North Carolina Community College System, the Rail Division of the North Carolina Department of Transportation, the North Carolina Railroad Company, Norfolk Southern, Duke Energy, Randolph Community College, Randolph County, the City of Asheboro, and the Randolph County Economic Development Corporation.