Fiber optic conduit supplier Lynddahl Telecom America Inc. is investing $5.6 million over the next three years to establish its first North American plastic extrusion production site in Belmont, N.C.
"Everyone is increasingly expecting high speed internet everywhere — be it for remote work, distance learning or leisure," Jacob Ulrik Petersen, president of LTA, said in a Jan. 10 news release. "Over the next decade, historic investments into upgrading broadband access throughout America will be made and this represents a major business opportunity for us."
The new 55,000-square-foot facility is expected to create 54 jobs in the region including managers, plastics engineers, administrative officers, and production technicians.
"We have found a cost-effective method to rapidly deploy fiber optics in Europe and we are excited about being able to offer this to our American, Canadian and Mexican partners," Petersen added.
LTA did not immediately respond to requests for comment by Plastics News.
Syddanmark, Denmark-based Lynddahl Telecom A/S incorporated LTA as a subsidiary in 2023 to supply fiber optic conduit products for the North American market.