SouthCorr, LLC, a manufacturer of corrugated packaging material, will expand its manufacturing facility in Randolph County, creating 22 new jobs, Governor Roy Cooper announced today. The company plans to invest $6.7 million in its plant in Asheboro.
“North Carolina leads the southeast in manufacturing,” Governor Cooper said. “The state’s strong commitment to workforce training guarantees we can provide the talent companies need today and in the future.”
SouthCorr Packaging, established in 1994, is owned by parent company Interstate Resources, a privately-owned manufacturing group with 18 plants located in nine states across the eastern United States. Interstate’s SouthCorr facility manufactures custom corrugated sheets that are converted into boxes, innerpack, displays, as well as a wide variety of packaging materials.
“SouthCorr’s expansion provides more evidence that manufacturing is alive and well in North Carolina,” said Commerce Secretary Anthony M. Copeland. “Not only do we have the talent companies need to succeed, the state’s location and transportation infrastructure are also ideally suited to the needs of manufacturers.” N.C. Commerce and the Economic Development Partnership of N.C. were instrumental in supporting the company’s investment decision.
While compensation will vary by position, average salaries for the new jobs will be $36,200, above the current average annual wage in Randolph County of $33,974.
“Demand for paper packaging is steadily growing as consumers look for products like ours that are more environmentally friendly.” said Jeff McNeill, Operations Manager for SouthCorr. “These investments will help the company grow its manufacturing workforce and keep good paying jobs here in the U.S.”
A performance-based grant of $50,000 from the One North Carolina Fund will help facilitate SouthCorr’s expansion in Randolph 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. All One NC grants require a matching grant from local governments and any award is contingent upon that condition being met.
“SouthCorr is a valued employer in our region,” said N.C. Senator Jerry Tillman. “We welcome the company’s decision to expand in Asheboro.”
“Our region’s support for manufacturers is second to none,” said N.C. Representative Pat Hurley. “This investment marks a new chapter for one of our area’s most innovative companies.”
In addition to North Carolina Commerce and the Economic Partnership of North Carolina, other key partners in the project include the North Carolina General Assembly, the North Carolina Community College System, the Regional Partnership Workforce Development Board, the City of Asheboro, Randolph County, and the Randolph County Economic Development Corporation.