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Sunday, May 26, 2024

Gold Bond Building Products invests $90 million in Mount Holly plant

 

Gold Bond Building Products will invest $90 million in an expansion at its Mount Holly facility, which will add about 11 jobs and retain 100 existing jobs.

Gold Bond Building Products will invest $90 million in an expansion at its Mount Holly facility, which will add about 11 jobs and retain 100 existing jobs, according to Gaston County records. The affiliate of Charlotte-based National Gypsum Co. produces gypsum wall board and a full line of products including ceiling board, sheathing, shaftliner, tile backer, pre-finished board and plaster products.

Construction is anticipated to begin in the first half of 2023. Enhancement to its existing facility and upgrades to its transportation infrastructure and other improvements will continue through 2024.

Some of those improvements will allow for more in-bound shipments by rail that are currently being done by truck. Gold Bond has had a facility in Mount Holly since 2007. Gaston County and the city of Mount Holly offered tax breaks to the company totaling about $3.3 million and $1.8 million, respectively, over a 10-year period.

National Gypsum, which is owned by Charlotte’s Spangler family, has 26 production plants, five quarries and three paper plants in North America. The Gaston Gazette first reported Gold Bond’s expansion plans.

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