An Ohio-based packaging company will invest $32 million and bring 118 jobs to Randolph County over the next three years, Gov. Roy Cooper’s office announced Tuesday.
Axium Packaging, a manufacturer of packaging and containers, will also build a 150,000-square-foot manufacturing facility in the city of Archdale as part of the deal.
“Axium’s choice to come to Randolph County and join North Carolina’s manufacturing community underscores our reputation as the best state to do business,” Cooper said in a statement released by his office. “We offer many advantages from collaborative workforce training to a well-maintained infrastructure that will help manufacturers thrive.”
Headquartered in New Albany, Ohio, Axium manufactures packaging for personal care, household chemical, over-the-counter pharmaceutical and food markets. The manufacturer uses innovative technology to design, develop, and decorate its customizable containers. Since 2011, the company has grown to 3,000 employees across 18 locations. The Archdale site will be Axium’s first in North Carolina and 19th plant in North America.
“I appreciate the collaboration between state and local partners to bring this project to North Carolina,” Axium Packaging President Paul Judge said in a statement. “We’re grateful for their support throughout the expedited site selection process which helped us identify the right location for Axium’s expansion. We are excited to begin operating in 2024 and look forward to contributing to this community.”
Although salaries will vary by position, the overall average annual wage is $47,938, which exceeds Randolph County’s overall average annual wage of $43,080, according to the state.
A performance-based grant of $365,000 from the One North Carolina Fund will help with Axium’s location in North Carolina. The One NC Fund provides financial assistance to local governments to help attract economic investment and create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All One NC grants require matching participation from local governments and any award is contingent upon that condition being met.