Corning
plans second major expansion of fiber-optics plant
Corning Inc. said it
will invest $450 million expanding its optical fiber
manufacturing plant in Cabarrus County, creating 475 new jobs
in the Concord area and making the facility the largest
fiber-optic manufacturing plant in the world. The expansion
will run concurrently with a $550 million expansion that
Corning announced for that facility last February, "This
is unprecedented - a company announcing two expansions of this
magnitude in less than a year," Gov. Jim Hunt said.
"The increased fiber
capacity made possible through the expansion of Concord and
the addition of a new facility enables us to keep pace with
the tremendous worldwide demand for Corning's optical
fiber," said Alan Eusden, senior vice president and
general manager, Optical Fiber, Corning. "Our significant
contract announcements with key network providers confirm the
strong value placed on our fiber products."
The new expansion brings
Corning's total North Carolina investment to more than $2.5
billion and its North Carolina employee count to more than
6,500. Corning will be
eligible for tax credits under the William S. Lee Quality Jobs
and Business Expansion Act, including credits for job
creation, investment and worker training.
Mooresville
ceramics plant expands
NGK
Ceramics USA plans a $40 million, 50-employee expansion of its
Mooresville production facility, Gov. Jim Hunt said on Dec.
12. The announcement comes on the heels of a $15 million
expansion currently under construction and brings the
company's total investment in Iredell County to $108 million.
"Since NGK first opened its
doors in 1988, the company has expanded five times
demonstrating their commitment to North Carolina and the
quality of the Iredell County area and its workforce,"
Hunt said. "NGK continues to bring good-paying jobs to
our state and is one of our state's greatest ambassadors among
Japanese businesses." NGK
Insulators of Nagoya, Japan, is the parent company of NGK
Ceramics USA and is the world's largest insulator maker. The
Mooresville facility produces a unique honeycomb-type ceramic
filter used in automotive catalytic exhaust systems. The
company will be eligible for investment, job creation and
worker training tax credits under the William S. Lee Quality
Jobs and Business Expansion Act.
Sports
apparel maker picks Northampton County site
FX
GEAR, a division of MSFI, will open a new 50-employee sewing,
embroidery and distribution operation in Rich Square to make
sports apparel for Nike, Champion, Logo/Puma and other
clients. The company is purchasing the Mylcraft building on
U.S. Hwy 258 in Rich Square to house the operation. "Northampton
County will certainly benefit from these new jobs and will
hopefully see additional expansion as this company continues
to grow," Gov. Jim Hunt said in a Dec. 7 announcement.
Jim White, FX GEAR plant manager in Rich Square, said cut-and-sew
operations have already been established. He said the company
recently entered the second project phase, involving order
processing and distribution. This phase also includes a 40,000-square-foot
warehousing operation. The project's third phase is planned
for next year and could include screen-printing and embroidery
operations. If growth stays on pace, White expects to have
more than 100 employees by the end of 2001. The
company will receive $10,000 from the N.C. Industrial
Recruitment Competitive Fund and will be eligible for job
creation, machinery and equipment, and worker training tax
credits under the William S. Lee Quality Jobs and Business
Expansion Act.
German
drug maker buys Wilson facility
Wilson's
economy got a boost when Eon Pharma LLC, a subsidiary of Eon
Labs Manufacturing Inc., purchased the former Novopharm
facility from Teva Pharmaceuticals and said it will
immediately begin operations at the 275,000-square-foot
facility. Eon plans to hire
about 60 people in its first year, and be fully operational in
two to three years. Eon Labs Manufacturing Inc. is owner by
Hexal AG, the No. 2 generic drug company in Germany.
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