The US-based Sigma Plastics Group plans to restore the former Excelsior Rosman plant in Brevard, North Carolina, and invest $5.5m over the next three years to expand its manufacturing operations.
This project will create 80 new jobs under the newly formed New Excelsior Incorporatedin Transylvania County.
New Excelsior is part of the Sigma Plastics Group, which is a manufacturer of extruded polyethylene films and bags in North America.
Founded in 1977, the group employs approximately 4,750 people in 43 locations across the US and Canada. In 2013, it reported annual sales of over $2bn.
The Brevard plant will use the investments to buy new equipment. The company has already purchased high-end printing tools including gravure and flexographic presses for the plant.
Besides 80 new jobs, the New Excelsior plant recently hired approximately 50 former employees.
The plant has received a performance-based grant from the One North Carolina Fund of up to $80,000.
Sigma CFO Andrew Teo noted, "We would like to thank the State of North Carolina and Transylvania County for entrusting Sigma Plastics Group with developing additional home grown jobs in the NC region."Packaging
