North Carolina Construction News staff writer
Textile manufacturer Tex-Tech Industries is investing $24.8 million to build a new manufacturing center in Winston-Salem.
With headquarters in Kernersville, North Carolina, Tex-Tech is a global leader for textile research, development and manufacturing of high-performance fabrics and coatings. Serving the aerospace, automotive, defense, medical and protective apparel industries, the company will increase its manufacturing operations with a new 170,000-sq. ft. building.
“Expanding in Forsyth County was the best decision for our company,” said Kelly Moore, chief financial officer 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. “
A performance-based grant of $125,000 was will be awarded from the One North Carolina Fund. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All One NC grants require matching funds from local governments.
“It’s no surprise that Tex-Tech continues to see the value of doing business in our state,” said 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.”
In addition to the North Carolina Department of Commerce and Economic Development Partnership of North Carolina, other key partners in this project include 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.
“We are excited to welcome Tex-Tech to Winston-Salem,” said N.C. Senator Paul A. Lowe, Jr. “The company’s increased investment is a strong vote of confidence in the workforce and manufacturing economy of our region.”