Business chooses Rutherford County
A company that specializes in advanced polymers primarily used for aircraft will relocate its national headquarters and operations to Rutherford County.
On Tuesday, Trelleborg Coated Systems US, Inc. announced its plans to expand its operations to the existing Trelleborg facility located on Railroad Avenue in Ruth.
"I do think this is a very significant project for the county as well as Rutherfordton and Ruth," said Matt Blackwell, Rutherford County Economic Development Commission director. "It will provide a number of jobs for the community with a well-above average wage."
The company plans to create 76 new jobs and invest nearly $11 million over the next four years in the county.
"You'll have direct manufacturing jobs, support and engineering," Blackwell said. "There will also be some executive and administrative positions."
The decision came a day after the Rutherford County Commission and Rutherfordton Town Council gave the go-ahead for an economic incentive package that includes $228,970 in local match dollars from the county along with $106,940 from the Town of Rutherfordton and $52,810 from the Town of Ruth. The local match dollars are spread out over nine years.
Additionally, the county was awarded a $440,000 grant from the One North Carolina Fund for the project which is contingent on proof of job creation and local match dollars. Blackwell said the county is also pursing a $200,000 grant from the Golden LEAF Foundation Economic Catalyst program and has already received a $10,000 grant from Duke Energy.
"It is always a highlight for the Town of Rutherfordton to be considered for a new industry opportunity because of the competitive nature of the process, but to be selected for a project is truly a success that should be celebrated," said Jimmy Dancy, Rutherfordton mayor, in a statement.
Trelleborg Coated Systems US, Inc. specializes in adding a polymer to woven fabric to make the fabric more durable and improve the longevity of the fabric. Blackwell said the fabric is used for things such as evacuation slides in aircraft.
He said the product is used by NASA and the military as well as private businesses.
Blackwell said the initial plan is to renovate the current Trelleborg facility to suit the expansion.
"We anticipate construction to start in early 2014," Blackwell said. "Initial production will be sometime in the third quarter of 2013."
The company is currently headquartered in Spartanburg but will relocate its US headquarters to Rutherford County.
"We welcome this great addition and all other companies that are looking for a great place to locate or expand," said Julius Owens, Rutherford County Commission chairman, in a statement.