Plastics firm to expand in Reidsville
Posted May 26, 2010 11:41 a.m. EDT
Updated May 26, 2010 11:49 a.m. EDT
Reidsville, N.C. — A supplier of custom-molded plastic parts plans to expand its operations in Rockingham County, creating 55 jobs and investing more than $1.2 million in the next three years, officials said Wednesday.
WhiteRidge Plastics LLC, a subsidiary of Myers Industries Inc. (NYSE: MYE) in Akron, Ohio, produces custom-injection, blow-molded parts for cars and trucks, agricultural equipment, recreational vehicles, industrial applications and other uses. It already employs about 100 workers at its Reidsville plant.
The company plans to install new product lines at the Reidsville facility to manufacture parts for Honda light trucks and all-terrain vehicles, officials said.
The average annual salary for the new jobs will be $21,856, plus benefits, officials said. Rockingham County's annual average wage is $30,472.
“The WhiteRidge facility gives us a strong base from which to efficiently serve our Southern region customers,” Max Barton, director of corporate communications and investor relations for Myers Industries, said in a statement. “The facility also provides ample space for expansion as we focus on product innovation and enhanced levels of customer satisfaction.”
The company has qualified for a $45,000 grant from the One North Carolina Fund, which provides financial assistance, through local governments, to attract business projects that will stimulate economic activity and create jobs. Companies receive no money upfront and must meet job creation and investment performance standards to obtain the grant.