Tuesday, May 28, 2024

Industrial shredding manufacturer invests $6.75 million, creates 33 jobs in High Point

Vecoplan, a manufacturer of industrial shredding equipment, will create 33 jobs in Guilford County, and invest $6.75 million to locate a new facility in High Point.

Vecoplan opened in North Carolina in 2000 as the North American headquarters for the German-based company that develops secure destruction equipment. Vecoplan manufactures industrial shredding, grinding, and recycling machines for various markets including waste management, wood and plastics, and document shredding.

Vecoplan, an industrial shredding company will build a plant in High Point, investing $6.75 million and creating 33 jobs.

This new advanced manufacturing facility will help meet the increased demand of mobile shredding trucks, waste collection trucks, and other recycling and sorting equipment and components, according to a release from the governor’s office.

Salaries will vary by position, but the overall average annual wage is $84,848, which exceeds Guilford County’s overall average annual wage of $57,190. The new jobs will have a potential annual payroll impact of more than $2.7 million for the region.

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