Cary manufacturer to add 117 jobs

Posted July 12, 2011

— Privately held Lord Corp., a high-tech manufacturing firm, on Tuesday announced a $20 million expansion of its headquarters in Cary.

Lord, which makes adhesives and coatings for industrial uses, plans to add 117 jobs within five years. The company already employs about 330 people in Cary.

"Given the presence of some of the best universities and community colleges in the country, North Carolina offers us a tremendous talent pipeline to grow our company,” Chairman and Chief Executive Rick McNeel said in a statement.

The average annual salary for the new positions will be $81,487, plus benefits. Wake County's average annual wage is $44,980.

The expansion has been planned for months, with Lord attempting to secure tax incentives from the state.

The state Economic Investment Committee voted Tuesday to award a Job Development Investment Grant to Lord. Under the terms of the JDIG, the company is eligible to receive a grant equal to 50 percent of the state withholding taxes from the new jobs for each of the eight years in which the company meets annual performance targets.

If Lord meets all of the targets under the agreement, the JDIG could yield $1.3 million for the company.

Founded in Erie, Pa., more than 85 years ago, the company employs 2,700 worldwide, with 15 manufacturing sites in eight countries. Lord opened a new technology center in Japan in May.


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  • Crumps Br0ther Jul 12, 2011

    I just started my new job today so Im getting a kick out of these replies

  • davidk_at_unc Jul 12, 2011

    "They hiring? I have a bachelor's degree and I also have an associate's degree from a prospective community college." -- raysson

    "UMMM its They're. Good luck on that job!!! LOL" -- Keepin_it_Reel_in_NC

    Actually, I think "they" was perfectly acceptable. I took the "Are" (as in "Are they") to be implied, such as in "(Does) Anybody want a job?" or "(Do) You want a punch in the nose?"

    The question I have is what's a "prospective community college?"
    Is this a community college in training???

  • Bring on the 4 Dollar Gas Jul 12, 2011

    117 jobs? REALLY? So what Bev! You're losing as many as 4 THOUSAND across town. Wake up you inept woman.

  • scifion Jul 12, 2011

    NC: "Sorry, no nanny state tax incentives to set up shop and employ our citizens who will in turn pay state sales, property, and income taxes!"

    Lord: "Okie! We'll expand operations in one of the other states who offered"

    I do hope Lord esablishes a relationship with NC State to expand polymer chemistry and materials engineering there.

  • LuvLivingInCary Jul 12, 2011

    another great reason why cary is the best place to live in the triangle...

  • OpenM1nd Jul 12, 2011

    The Penn State Behrend (Erie, PA, campus) alumni publication recently had good things to say about Lord Corporation and its involvement in the school's education programs and on-campus recruiting. They sound like an excellent company.

  • OGE Jul 12, 2011

    These jobs won't be for the average Joe or Jane. Bachelor's degree will be a must.

    Why shouldn't it be a requirement?

  • chevybelair57sd Jul 12, 2011

    If Bev has to buy all new jobs in NC, we'll be bankrupt from corporate welfare as well as cronic welfare.

  • apexdad2000 Jul 12, 2011

    I'm not a big fan of these nanny-state handout to corporations. That's the GOP's job, not Bev's.

  • computer trainer Jul 12, 2011

    These 117 jobs could yield $1.3 million for the company, in tax cuts.