Vestal, N.Y. — National Pipe and Plastics Inc. plans to invest $10 million over the next 3-5 years at its facility in Kernersville, N.C., according to local news reports.
The North Carolina Department of Commerce recently awarded Kernersville a $330,975 grant from the state of North Carolina to improve rural infrastructure and support the PVC and high density polyethylene pipe producer's growth.
Vestal-based National Pipe needs water and sewer upgrades and industrial road access as part of its expansion plan, a local official told the Triad Business Journal. The improvements are expected to total $441,300.
In addition to the state grant, Kernersville reportedly will put up a 25 percent local matching grant of $110,325 for the water and sewer work, which will benefit the surrounding area.
The state grant is one of 16 approved by the N.C. Rural Infrastructure Authority, which is part of the state commerce department.
National Pipe's products go into the municipal water and sewer, plumbing, irrigation, electrical conduit and telecommunications markets. The company has an estimated 300 employees and 25 manufacturing lines at its two facilities in Vestal and Kernersville.
With an estimated $200 million in annual sales, National Pipe ranks 18th among the largest pipe, profile and tubing extruders in North America, according to Plastics News' rankings.