Millwork & Panel LLC, a residential siding manufacturer, will invest $14.3 million over the next three years to expand its vinyl siding operations in Claremont, N.C., where it expects to create 48 new jobs.
The indirect subsidiary of CertainTeed Holding Corp. will add extrusion lines, improve blending operations and expand its capacity for vinyl siding.
The Claremont facility produces siding and trim in a variety of material styles and textures and employs more than 160 people.
"By enhancing our production capacity and upgrading key equipment to ensure quality and energy efficiency, we are reaffirming our commitment to provide top-quality vinyl siding materials to our customers," Millwork & Panel President Joe Bondi said in a news release from the state's Economic Development Partnership of North Carolina.
Millwork & Panel has been manufacturing in Claremont for more than 30 years and in all will invest a total of $27.8 million over the next five years, according to a news release from the Economic Development Corp. of Catawba County.
"Our expansion in Catawba County is not just about growing our industry," Bondi said in that release. "Our commitment to growth goes hand in hand with our commitment to provide customers with quality sustainable building products and to being a strong community partner. We are not just expanding our facilities; we're expanding opportunities, jobs, and a spirit of innovation that will continue to fuel progress for generations to come."
The new jobs will include machine operators, material handlers, operators and technicians. Wages will vary by position with the average annual wage estimated to be $58,708, which exceeds the Catawba County average of $52,172.
The new Millwork & Panel jobs have the potential to create an annual payroll impact of more than $2.8 million for the region, the state release says.
A performance-based grant of $100,000 will be awarded from the One North Carolina Fund if job creation and capital investment targets are met.
A public hearing for local incentive consideration will likely be slated for January by the Catawba County Board of Commissioners and the Claremont City Council.
In addition to those entities, other project partners include the North Carolina Department of Commerce, Economic Development Partnership of North Carolina, North Carolina General Assembly, North Carolina Community College System and Catawba Valley Community College.