spot_img
Tuesday, April 23, 2024

Tex-Tech Industries plans $24.8 million expansion in Winston-Salem

Tex-Tech Industries, a leading manufacturer of specialty textiles, will create 49 new jobs in Forsyth County, Gov. Roy Cooper announced today. The company will invest more than $24.8 million to build a new manufacturing center in Winston-Salem.

“North Carolina’s leadership in textile manufacturing helps companies like Tex-Tech stay on the cutting edge of innovation,” Cooper said in a release from his office.. “This expansion builds upon the company’s success in Forsyth County for 60 years, affirming that North Carolina is a great place to do business.”

Tex-Tech Industries plans a $24.8 million expansion, adding 49 jobs, in Forsyth County.

With headquarters in Kernersville, Tex-Tech is a global leader for textile research, development and manufacturing of high-performance fabrics and coatings. Serving the aerospace, automotive, defense, medical and protective apparel industries, the company’s materials are developed for demanding applications. Tex-Tech will increase its manufacturing operations with a new 170,000-square-foot building.

“Expanding in Forsyth County was the best decision for our company,” says Tex-Tech CFO Kelly Moore. “Being centrally located on the East Coast and having access to a growing advanced manufacturing talent pool were some of the differentiating factors for our decision to grow here. “

New positions include managers, operators, technicians, and sales personnel. Salaries will vary for each position; however, the overall expected average annual salary is $67,918. Forsyth County’s average annual wage is $57,351. These new jobs have the potential to create an annual payroll impact of more than $3.3 million for the region.

A performance-based grant of $125,000 from the One North Carolina Fund will help with Tex-Tech’s expansion. 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.

 

Related Articles

TRENDING NOW

Newsletters