Lynddahl Telecom America (LTA), a duct solutions company for fiber optics installations, has just announced plans to invest over $5.6 million in Gaston County to build their new US headquarters. The Belmont facility will be the company’s first ever plastic extrusion production site in North America.
The new 55,000-square-foot facility will create jobs for production managers, plastics engineers, administrative staff, and technicians, offering an average annual wage of $60,315, higher than Gaston County’s average. This move is expected to generate a significant annual payroll impact in the region.
“North Carolina is benefiting yet again from the federal Bipartisan Infrastructure Law with Lynddahl Telecom’s decision to make Gaston County its North American home,” said Governor Cooper in a press release. “Expanding access to high-speed internet is imperative to closing our digital divide, and having companies in our corner that are well-equipped to extend broadband throughout our rural regions puts us closer to high quality internet for everyone.”
Lynddahl Telecom America Inc. (LTA), a duct solutions company for fiber optics installations, announced it will create 54 jobs and invest $5.5 million over the next 3 years to establish its first North American plastic extrusion production site in Belmont. https://t.co/iNCH0940g7 pic.twitter.com/AUAEYRKiH0
— Economic Development Partnership of NC (@EDPNC) January 10, 2024
LTA’s expansion is supported by a $100,000 grant from the One North Carolina Fund, contingent on meeting job creation and investment targets, along with local government matching contributions.
