A residential siding company agreed to invest $14.3 million to add 48 jobs in Catawba County, according to an announcement from the state on Wednesday.
Millwork & Panel, a residential siding manufacturer, said it will expand its vinyl siding operations in Claremont over the next three years
New positions being created by the company include machine operators, material handlers, operators, and technicians. The average annual wage is estimated to be $58,708, exceeding the Catawba County average of $52,172. These new jobs have the potential to create an annual payroll impact of more than $2.8 million for the region.
An indirect subsidiary of Malvern, Pennsylvania-based CertainTeed since 2019, Millwork & Panel produces siding and trim in various materials, styles and textures for the residential housing market. This expansion will add vinyl extrusion production lines, improve blending operations, and expand the capacity for vinyl siding.
“By enhancing our production capacity and upgrading key equipment to ensure quality and energy-efficiency, we are reaffirming our commitment to provide top quality vinyl siding materials to our customers,” said Joe Bondi, president of Millwork & Panel, in a release.
A performance-based grant of $100,000 from the One North Carolina Fund will help with Millwork & Panel’s expansion. The fund provides financial assistance to local governments to help attract economic investment and create jobs.
Companies 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.