Gov. Mike Easley announced that Providencia USA Inc., a subsidiary of Latin America's largest maker of nonwoven plastic materials, plans to build its first U.S. manufacturing plant in Statesville, investing $115 million and creating 90 jobs during the next three years. The expansion was made possible in part by a $56,000 grant from the One North Carolina Fund.
“North Carolina's manufacturing economy provides attractive investment opportunities for new and expanding industries from across the country and around the world,” said Easley. “Our focus on education and providing a dedicated and hard working labor force is paying off in sustainable jobs and a high quality of life for working families.”
The company plans to construct its first U.S. manufacturing facility in Statesville, where polypropylene pellets will be melted and formed into thin, lightweight nonwoven sheeting. Salaries for the 90 new positions will vary by job type, but the average annual wage will be $41,835 not including benefits which is more than the Iredell County average annual wage of $34,580.
Providencia USA is a wholly owned subsidiary of Companhia Providencia Industria e Comercio in Brazil, a worldwide supplier of polypropylene spun-bonded nonwoven fabrics. The company's products are used in a wide variety of technical applications including; personal hygiene, health and medical, agricultural, automotive and filtration. Providencia operates two manufacturing plants, both in Brazil, and employs 1,000 people.
"Providencia's decision to establish itself in North Carolina was based on the state's excellent quality of life, skilled workforce, pro-business environment and its location central to our target markets," said company Chief Executive Officer Herminio V.S. de Freitas.
The One North Carolina Fund provides financial assistance through local governments to attract business projects that will stimulate economic activity and create new jobs in the state. Through the use of the One North Carolina Fund, more than 30,000 jobs and $6 billion in investment have been created since 2001. All of these grants require local matches.
Other partners that helped with this project include: the N.C. Department of Commerce, the N.C. Community College System, Iredell County, the city of Statesville, the Greater Statesville Development Corp, Norfolk Southern Railroad and Alexander Railroad.
N.C. Department of Commerce
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