Canadian packaging film producer Imaflex Inc. plans to set up its first manufacturing operation in the United States.
The Montreal company selected a facility in Thomasville, N.C., for the project, according to the North Carolina governor's office. Imaflex is committed to spend US$10 million over three years and create 50 jobs.
Imaflex now runs a plant in Montreal and one in Victoriaville, Quebec. Imaflex President and Chief Executive Officer Joe Abbandonato said in a news release that the Thomasville area has a better-than-average plastics workforce and provides a location to supply its expanding customer base in the southeastern United States.
The project will be aided by a $125,000 grant from the One North Carolina Fund. Imaflex expects to pay employees an average of $550-$600 per week, compared with the average weekly wage of $519 for Davidson County. Gov. Michael Easley said his state ranks ninth in U.S. plastics manufacturing.
Imaflex's Canslit Inc. subsidiary in Victoriaville metalizes plastic films in a 50,000-square-foot plant. Imaflex's Montreal plant is of similar square footage and houses 12 blown film lines, including one multilayer line. The company sells to diverse markets. It logged profit of C$826,000 (US$693,000 ) on sales of C$11.5 million (US$9.6 million) for the three months ended June 30.
Imaflex plans to lease a 93,000-square-foot former Tyco Plastics building that has been vacant for several years. Abbandonato said his firm hopes to begin production by the end of September.