Tex-Tech Industries, a leading manufacturer of specialty textiles, will establish a production facility in Winston-Salem, North Carolina. The $24.8 million project is expected to create 49 jobs in Forsyth County over the next five years.
The new 170,000-square-foot building will be located on Old Lexington Road and increase the company’s manufacturing operations.
“Expanding in Forsyth County was the best decision for our company,” said Kelly Moore, CFO of Tex-Tech Industries. “Being centrally located on the East Coast and having access to a growing advanced manufacturing talent pool were some of the differentiating factors for our decision to grow here."
As an incentive a performance-based grant of $125,000 from the One North Carolina Fund will support the project. The One NC Fund provides financial assistance to local governments to help attract economic investment and 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 matching participation from local governments and any award is contingent upon that condition being met.
“It’s no surprise that Tex-Tech continues to see the value of doing business in our state,” noted N.C. Commerce Secretary Machelle Baker Sanders. “North Carolina’s reputation for textile research and development woven with the largest nonwovens workforce in the nation and strong textile supply chain, make our state a great choice for Tex-Tech’s expansion.”
With headquarters in Kernersville, North Carolina, Tex-Tech is a global supplier of high-performance textiles and textile coatings primarily for the aerospace, automotive, and medical industries. The company has extensive research and materials science capabilities to both develop and manufacture specialty fabrics and coatings.
“Our ability to deliver on talent is crucial to our efforts in economic development,” added Mark Owens, President and CEO of Greater Winston-Salem, Inc. “We continue to bring educators and employers to the table to collaboratively develop programs that build the right skill sets employers need, and it is working.”
The Economic Development Partnership of North Carolina (EDPNC) would like to recognize the North Carolina Department of Commerce as well as other key partners involved in this project including the North Carolina General Assembly, North Carolina Community College System, Forsyth Tech Community College, Forsyth County, City of Winston-Salem and Greater Winston-Salem, Inc.