NC: CS Carolina to Invest $9.8M, Expand, Bring 42 Jobs to Alamance County
15 Sep, 2016
Governor Pat McCrory, North Carolina Commerce Secretary John E. Skvarla, III, and the Economic Development Partnership of North Carolina (EDPNC) announced that CS Carolina will expand its presence in Alamance County. The company intends to add 42 workers at its Burlington facility over the coming three years, investing nearly $9.8 million.
“Global textile manufacturers continue to turn to North Carolina and our outstanding business climate,” said Governor McCrory. “CS Carolina is nearly doubling its workforce at this facility, and that speaks highly of the company’s commitment to North Carolina.”
CS Carolina manufactures, sells and distributes synthetic nylon and polyester filament yarn. The company and its U.S. parent, CS America, are part of Chil Sung Co., Ltd. and CS Fibertech Co., Ltd., a South Korea-based family of textile manufacturing companies. CS Carolina, which completed an expansion announced in 2014, currently employs a workforce of 49 at its Burlington facility.
“CS Carolina’s success in Alamance County underscores all the advantages that make North Carolina the Southeast’s leading destination for manufacturing jobs,” said Secretary Skvarla. “Our state’s productive workforce, competitive costs and market connectivity continue to fuel this company’s growth strategy.”
The 42 new positions at CS Carolina will include operators and managers. Annual salaries will vary by position but will average at least $36,738. Overall wages in Alamance County currently average $36,346 per year.
"We've done extensive competitive analyses for a potential expansion site and concluded that there is no better place than North Carolina based on availability of skilled labors, proximity to the customers and low costs of doing business,” said IT Joo, President & CEO of CS Carolina. “Our investment will help bring in the latest technologies and machinery that will make our operations highly efficient and cost effective, and it will significantly reduce our heavy dependency on Asian imports. We will continue to work with the local suppliers and contractors, and stay with our commitment to reviving the local economy by spreading the wealth created by our operations to the local community."
CS Carolina’s expansion was made possible in part by a performance-based grant of up to $85,000 from the One North Carolina Fund. The One NC Fund provides financial assistance, through local governments, to attract business projects that will stimulate economic activity and create new jobs in the state. Companies receive no money up front and must meet job creation and capital investment targets to qualify for grant funds. All One NC grants require a local government match.
“Alamance County is a welcoming destination for great companies in a lot of different industries,” said N.C. Senator Rick Gunn. “Congratulations to CS Carolina for the success that is driving its latest wave of growth.”
“The good economic news for North Carolina and Alamance County just keeps on coming. I appreciate this significant expansion by CS Carolina along with the 42 new jobs it brings to Alamance County,” said N.C. Representative Dennis Riddell. “Our community welcomes businesses that make things.”
“I am delighted this yarn manufacturer will double its workforce in Alamance County,” said N.C. Representative Stephen Ross. “CS Carolina continues to show confidence that Alamance County is a great place to do business.
Numerous state and local allies worked with N.C. Commerce and EDPNC in supporting CS Carolina’s expansion. They include the North Carolina General Assembly, the North Carolina Community College System, Alamance County, the City of Burlington and the Alamance Chamber.