Union County gets 227 jobs at new Dymax Corporation warehouse
Dymax Corporation’s expansion into North Carolina will mean a $46.7 million investment in Monroe, according to a press release from Governor Roy Cooper’s office.
A global chemicals and plastics maker will open a manufacturing center in Union County, creating 227 jobs, Gov. Roy Cooper’s office announced Friday.
Dymax Corporation’s expansion into North Carolina will mean a $46.7 million investment in Monroe, according to a press release from Cooper’s office.
Dymax will build over 100,000 square feet of manufacturing, warehouse and office space. The average salary for all new positions will be $66,343, higher than the current Union County average salary of $49,129, according to the state.
Founded in 1980, the company’s headquarters are in Torrington, Connecticut. Dymax has other locations in Germany, Ireland, Singapore and Hong Kong.
The company manufactures products such as adhesives and coatings as well as related plastics and equipment, the press release said. These systems use medium to high intensity light energy to quickly bond plastic, glass and metal substrates, according to Dymax’s website.
Products made by Dymax are used in medical catheters, electric vehicle batteries and consumer electronic circuit boards, according to the governor’s office.
The North Carolina Economic Investment Board on Friday approved a Job Development Investment Grant to help bring Dymax to the state. The grant has a duration of 12 years, during which the project is expected to grow the state’s economy by $933 million, Cooper’s office said.
Dymax can be reimbursed up to $1.2 million over the course of the grant.
Monroe is about 27 miles southeast of Charlotte.
Other extensions around Charlotte
In addition to Dumax, a number of other companies have expanded or established themselves in the Charlotte area, including pharmaceutical giant Eli Lilly. The company plans to build a major manufacturing facility in Concord, creating nearly 600 jobs and investing nearly $1 billion.
Last month, Cooper’s office announced that a northeast fresh food company was investing more than $40 million in a manufacturing site in Gaston County.
And last year, a German company that supplies conveying systems, filtration systems and metal processing pumps, said it would locate its US headquarters in Gaston County, along with more than two dozen jobs and millions of dollars.
