AptarGroup Inc. is expanding in Lincolnton, N.C.
According to a May 16 news release from Gov. Bev Perdue, the company plans to create 150 jobs during the next five years with about $50 million in capital investments to convert a former furniture warehouse to spray-pump manufacturing.
It's going to be targeted for dispensing systems for our food and beverage segment, which is really our fastest-growing segment, Steve Hagge, Aptar's executive vice president and chief operating officer, said during a May 17 telephone interview.
The facility, labor force and proximity to key customers, as well as Lincolnton's nearness to Charlotte, N.C., were factors in Aptar's decision, Hagge said.
Aptar looked at more 100 facilities nationwide before deciding on the Lincolnton site, Hagge said. The company should begin injection molding dispensers there in early 2012, he said.
The overall wage average for the new jobs will be $36,311 a year, not including benefits, according to Perdue's release. The Lincoln County, N.C., average annual wage is $30,784.
The project was aided the state's Job Development Investment Grant program.
If Aptar meets the targets called for under the agreement, the JDIG could yield $1 million in maximum benefits for the firm.
Aptar, which manufactures a variety of consumer-product dispensing systems, is based in Crystal Lake, Ill.
The company has plants in 19 countries, 9,000 employees and global sales of $2 billion.