Business Briefs

Plastics firm to expand in Asheboro

Posted May 19, 2011 1:41 p.m. EDT

— A company that provides plastic injection molding services plans to expand in Randolph County, creating 30 jobs over the next four years, officials said Thursday.

Technimark will invest $20 million in the Asheboro plant. The firm already employs 639 in Randolph County, and it needs to expand to supply new customers, officials said.

“Our Asheboro-based team is excited about continuing to grow our business in North Carolina with plastic packaging solutions for our global customers," Vice President of Operations Fred Richey said in a statement.

Technimark provides plastic injection molding and assembly services for consumer packaging, cosmetics and medical devices. Its customers include Fortune 500 companies like Wal-Mart, Proctor & Gamble, Este Lauder and Black & Decker.

Salaries for the new jobs will average $61,333, plus benefits. The Randolph County average annual wage is $29,952.

The company qualified for a $60,000 grant from the One North Carolina Fund, which provides financial assistance to attract business projects to the state. Companies receive no money upfront and must meet job and investment targets to obtain the grant funds.