Recycled plastic furniture maker Poly-Wood LLC is investing $61.6 million and adding 300 jobs at its factory in North Carolina, as the company continues a growth push.
In a July 27 announcement from Gov. Roy Cooper, the company said the jobs would be added over five years at its factory and distribution site in Roxboro, N.C., where it makes outdoor furniture like Adirondack chairs from recycled high density polyethylene milk jugs.
It's the second recent expansion for the firm. It said in late 2020 it would invest $42.8 million in a new manufacturing and recycling facility at its headquarters in Syracuse, Ind.
In North Carolina, an announcement from economic development officials in Person County, where the plant is located, said Poly-Wood will be adding 500,000 square feet of manufacturing space there.
That would roughly double a 430,000-square-foot facility it has now in Roxboro, and based on previous reports, would seem to double the jobs at the site.
In 2018, Poly-Wood first announced a $35 million investment to start up in Roxboro with a manufacturing and recycling plant. That came after a 2015 recapitalization from two investment firms.
The announcement did not include any information on production capacities or other manufacturing details, and company officials did not respond to a request for comment.
Last year, CEO and founder Doug Rassi said the Indiana expansion would give it 1.6 million square feet of manufacturing space and over 1,000 employees in the two states.
The latest North Carolina investment comes with up to $3 million in grants for Poly-Wood from the state's job development investment program, based on potential new tax revenue generated from the project.
The state announcement said the new investment will pump $681 million into North Carolina's economy over 12 years and generate $14.8 million in direct tax revenue.
The government in Person County, where the plant is located, also approved a "performance-based incentive" valued at $1.89 million for the company, according to an announcement from local officials.
The Person County Economic Development Corp. said with the expansion, Poly-Wood would have the largest manufacturing footprint in the county.