Recycled plastic furniture manufacturer Poly-Wood will invest tens of millions of dollars in its North Carolina plant.
The Syracuse, Ind.-headquartered company will spend $61.6 million to expand its manufacturing and distribution center in Roxboro, N.C., according to a press release from the governor’s office.
In fall 2018, Poly-Wood first announced it would build the Roxboro plant, which takes in HDPE and mixed-plastic bales and produces outdoor furniture, as well as regrind for sale to other manufacturers.
The North Carolina project is the second major expansion for Poly-Wood in less than a year. In December, the company announced it would invest nearly $43 million expanding capacity at its Indiana campus.
According to a press release from Person County Economic Development, the Roxboro project will add a 500,000-square-foot facility adjacent to the current building, which is 450,000 square feet. The project will also add 300 jobs over five years.
The company will qualify for up to $3 million in payments from the state, under a Job Development Investment Grant, according to the governor’s press release. The money depends on the company achieving its job creation and investment targets, the release notes.
Additionally, the Person County Board of Commissioners approved a performance-based incentive of $1.9 million for Poly-Wood’s expansion, according to the Person County Economic Development release.
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