Borealis Compounds, a supplier of plastic materials to the automotive industry, will locate a new $15 million production facility in Alexander County, NC. The new operation will create 37 jobs in Taylorsville.
“North Carolina was a logical choice for us. Its location allows us to service customers across the North American region and we value the supportive, business-friendly environment of the state and of Alexander County,” said Maria Ciliberti, Borealis vice president of marketing and new business development. “We’re convinced that this expansion will strengthen our position as a local supplier to automotive OEMs and their tier suppliers in North America, and that it will enable us to deliver our global material innovations locally.”
Vienna, Austria-based Borealis AG serves a variety of industries, including automotive, energy and consumer products sectors. The company’s applications in the automotive industry include bumpers, body panels, trims, dashboards and other key components.
“North Carolina is known for its a vibrant network of automotive industry suppliers, and Borealis is a welcome addition,” said Gov. Roy Cooper. “These are exactly the kind of good-paying, advanced manufacturing jobs that communities like Taylorsville need, and our skilled workers are ready to get to work.”
“North Carolina offers an ideal East Coast location,” said North Carolina Commerce Secretary Anthony M. Copeland. “Combined with the state’s superior transportation network, companies can easily reach their markets across North America.”
Commerce and the Economic Development Partnership of North Carolina were instrumental in supporting the company’s investment decision.
A $100,000 performance-based grant from the One North Carolina Fund will support Borealis’ move to Alexander County. The 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 grants require a matching grant from local governments.