Owens Corning just dedicated their new $130 million plant in Gastonia, NC – the largest single investment the Ohio-based company has ever made. The new plant will be primarily focused on growing the company’s non-wovens glass fiber market, particularly the North American construction segment.
The deal for the new Owens’ building, didn’t come without its kick-backs, however. They were given the 47 acres of land as well as $9.3 million in tax refunds from Gaston County. The state gave them $1.69 million as well as an additional $154,000 from North Carolina for training at Gaston College.
In exchange the company promised to create 110 jobs by the end of 2016 as well as significantly increasing their supporting companies footprints throughout Gaston County.
The entire company of Owens-Corning just reported net sales of $1.23 billion for the first quarter of 2016, a year-over-year increase of about 2 percent. They also just purchased roofing materials manufacturer InterWrap for $450 million.
The future is certainly looking bright for both Owens Corning and Gastonia (especially with the new Gaston Outside re-branding campaign).
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