Global chemical manufacturer Dymax Corporation will create 59 new jobs at a new production site in Gaston County, North Carolina Commerce Secretary Anthony Copeland announced today. The Connecticut-based company will invest more than $21.5 million in establishing a manufacturing facility in Gastonia.
“Even amid unprecedented short-term challenges facing the global economy, advanced manufacturers remain eager to invest in North Carolina because they know our business climate is conducive to their long-term success,” said Secretary Copeland. “North Carolina has the fifth largest manufacturing economy in the nation, a strong manufacturing workforce and a robust transportation network to support Dymax’s continued business growth.”
Founded in 1980, Dymax Corporation is a leading solutions provider of integrated rapid and light-cure formulations and equipment for the consumer and automotive electronics, aerospace, defense, and medical markets. Dymax provides unique solutions for their customers by developing a deep understanding of the challenges each customer faces.
“Dymax is experiencing steady and significant growth, and our expansion from our Northeast roots into North Carolina opens doors to outstanding labor, technical and logistic resources,” said Aaron Mambrino, President of Dymax North America. “The combination of available resources and solid support from state and local officials made North Carolina a great choice.”
The North Carolina Department of Commerce led the state’s support for the company’s decision.
Although wages will vary depending on the position, the average for all new positions could reach up to $59,814. The current average annual wage in Gaston County is $41,739.
A performance-based grant of $200,000 from the One North Carolina Fund will help facilitate Dymax Corporation’s expansion to Gaston County. The One N.C. Fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All One N.C. grants require a matching grant from local governments and any award is contingent upon that condition being met.
“This is exciting news for Gaston County,” said N.C. Senator Kathy Harrington. “Dymax will join our region’s roster of successful international companies and we know they will be equally successful here.”
“An investment of this magnitude is a great win for Gaston County, the district I represent and the entire state,” said N.C. Representative Kelly E. Hastings. “We welcome them and it is an honor to work on enabling legislation for local governments so we can attract and retain great companies and people who are interested in economic security.”
In addition to N.C. Commerce and the Economic Development Partnership of North Carolina, other key partners in the project include the North Carolina General Assembly, North Carolina Community College System, Gaston County Board of Commissioners, Gaston County Economic Development Commission and the City of Gastonia.