MSC NewsWire

Founded by Max Farndale 1947 - 2018
Friday, 22 February 2019 17:58
  • Home
    • About Us
    • Pricing
    • Global Presswire
    • Industry Organisations
  • News Sectors
    • Headlines Through Today
    • Environmental Talk
    • MSCMarketPlace
    • Out of The Beehive
    • Primary Sector Talk
    • Reporters Desk
    • The MSC NewsReel
    • MSCNetwork
    • FinTech Talk
    • The FactoryFloor Newsreel
    • Trade Talk
    • News Talk
    • Industry Talk
    • Technology Talk
    • Blockchain
    • Highlighted
    • The TravelDesk
      • TravelMedia
      • Sporting Tours
      • Holidays Tours Events + More
      • Airfares
      • Travel Enquiry Form
      • TravelBits
    • Travel Updates
    • The MSC TravelDesk Newsreel
    • Travel Talk
    • Travel Time
    • The Bottom Line
    • Regional News
    • News to Run Advice Form
    • World News
    • NewsDIRECT
    • MSCVoxPops
    • Press Releases
  • National Press Club
  • Contact Us

Australasian Plastics Manufacturer to Build Its First U.S. Plant

Friday, 30 November 2018 08:47
  • font size decrease font size decrease font size increase font size increase font size
  • Print
  • Email
 Pictured: Extra low-free monomer TDI prepolymers for the cast elastomer industry. Pictured: Extra low-free monomer TDI prepolymers for the cast elastomer industry.

Era Polymers Corporation, an Australian manufacturer, also located in New Zealand, specializing in polyurethane chemistry, will open its first industrial facility in the United States, creating 20 new jobs in Gaston County, North Carolina. The company plans to create 20 new jobs in the town of Stanley, investing $9.2 million.

The company, with headquarters in Sydney, Australia, produces a diverse line of polyurethane products and has a worldwide distribution network. The new manufacturing operation in Stanley, the first American plant for the company, will join four other production facilities operated by the company in Australia, New Zealand and South Africa. Strong sales growth in North America led the company to search for a new business location in the United States.

“Era Polymers has been conducting business within the USA for more than 15 years,” said George Papamanuel, President of Era Polymers. “It became a logical step for us to establish our own presence in the USA with an advanced manufacturing facility, to better supply and technically service our growing customer base. This world class facility is the ideal platform to support the next growth stage of our company.”

According to the local chamber of commerce, a performance-based grant of $50,000 from the One North Carolina Fund will help facilitate Era Polymers’ move into Gaston County. The One NC 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. In addition to creating and maintaining the 20 jobs, meeting a threshold of $8 million in investment is directly tied to the company’s OneNC agreement.

“Our community welcomes Era Polymers to North Carolina,” said N.C. Representative John Torbett. “Many people and organizations in our region came together to recruit this company and we stand ready to support them as they put down roots and grow here.”

The company’s products include polyurethane elastomers, foams, coatings, machinery, and toll manufacturing of polyurethane chemistries.

  • Source/ReadMore: A Engineering.com release
  • Record your news here: With MSCNewsWire’s SpeakPipe
Published in BUSINESS
Tagged under
  • factory floor
  • news talk
  • the msc newsreel
  • today

Related items

  • Sir Bill English to be honoured by Victoria University of Wellington
  • Higher bank capital better for banking system and NZ
  • Plastics industry helps designers create easy-to-recycle packaging
  • Great Barrier unhappy with Auckland’s marine sludge plan
  • XE Update Friday 30 November, 2018
More in this category: « Canada: the ideal North American launchpad for your tech business Higher bank capital better for banking system and NZ »
back to top

Subscribe To The MSCNewsWire eNews

Jul 04, 2018

Taiwan is the World's Fourth-Largest Exporter of Machine Tools

in MACHINE TOOLS
Sep 19, 2018

Democratising carbon fibre

in MANUFACTURING
Nov 06, 2018

Sparking a passion in girls for STEM

in EDUCATION
Aug 29, 2018

Electric cars heat tested

in AUTOMOTIVE
Oct 09, 2018

Managing risk is at the heart of the construction industry, as Naylor Love CEO Rick Herd explains.

in CONSTRUCTION
Nov 09, 2018

Air New Zealand and ATR explore the future of a regional aviation ecosystem including hybrid aircraft

in TRAVEL
Nov 29, 2018

Trade scholarships available for 2019

in EDUCATION
May 22, 2018

UC researchers invent Storminator™ weapon in battle for survival of healthy waterways

in ENVIRONMENT

Like MSCNewsWire on Facebook

MSC NewsWire is a gathering place for information on the productive sector in New Zealand focusing on Manufacturing, Productive Engineering and Process Manufacturing

  • Home
  • Global Presswire
  • Industry Organisations
  • National Press Club
  • Disclaimer
  • About Us
  • Pricing
  • Sitemap
Copyright © 2019 MSC NewsWire. All Rights Reserved.
Site Built & Hosted by iSystems Limited
Top
Home