A New York plastics manufacturer plans to open a facility in Rutherford County and create 54 jobs over the next three years.
Alliance Precision Plastics will invest at least $300,000 in the facility in Spindale, about 70 miles west of Charlotte.
The Rochester-based company will receive a $48,000 grant from the One North Carolina Fund if it meets hiring and investment goals.
Alliance Precision makes injection molding plastics and other products for commercial, industrial and medical companies.
Alliance is acquiring the assets of Molding Dynamics, an injection molding operation in Spindale. Molding Dynamic employees who have been laid off will have the opportunity to apply for positions with Alliance.
The average annual wage for the new jobs will be $28,148 plus benefits, slightly below the Rutherford County average of $28,392.
Last week another plastics manufacturer, Carolina Precision Plastics, announced that it will locate a new facility in Davie County and create 140 jobs over the next three years.
Carolina Precision Plastic’s facility will be in Mocksville, about 130 miles west of Raleigh.
Source : blogs.newsobserver.com