NC: Pactiv, a Food Packaging Co., to Invest $9M to Expand in 2 Counties
18 Jul, 2013
Governor Pat McCrory and North Carolina Commerce Secretary Sharon Decker announced today that Pactiv, LLC will expand manufacturing facilities in Lenoir and Iredell counties. The company plans to create 77 jobs in the two counties and invest more than $9 million in Kinston and Mooresville.
“Manufacturers like Pactiv recognize that our state’s workforce is second to none,” said Governor McCrory. “We must continue to support education and job training programs that will help companies produce more goods with the ‘Made in North Carolina’ logo.”
Headquartered in Illinois, Pactiv is a leader in the foodservice and food packaging markets. Pactiv’s current product lines include custom and stock foam, plastic, aluminum, pressed-paperboard, PE coated board and molded-fiber packaging. These product supply packers, processors, supermarkets, restaurants, institutions and foodservice outlets around the world. Pactiv currently employs more than 850 people in North Carolina.
“North Carolina has a proud manufacturing heritage,” said Sharon Decker, N.C. Secretary of Commerce. “Helping our state’s manufacturing industry grow is an important part of our overall economic development strategy.”
Salaries will vary by job function, but the average annual payroll for the new jobs in Kinston and Mooresville will be in excess of $2.5 million.
“We are excited about this expansion,” said Pactiv President and CEO John McGrath. “We are committed to meeting our customers’ needs and growing the business in communities where there is a good business climate and a skilled and available workforce. Thank you to the state of North Carolina for their unwavering support of our expansion plans.”
The project was made possible in part by a performance-based grant from the One North Carolina Fund of up to $103,000. 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 investment performance standards to qualify for grant funds. These grants also require and are contingent upon local matches.
“I am proud that Pactiv has chosen to expand in Lenoir County,” said Rep. John Bell. “This is a significant step in our efforts to bring manufacturing jobs back to Eastern North Carolina and improve the state’s economy.”
“What a pleasure to hear that the well-known and successful company, Pactiv, has chosen to expand its presence in Mooresville,” said Sen. Andrew Brock. “This company well represents Iredell County’s manufacturing heritage, and is making a strong statement with their announcement.”
“It is great news when our good corporate citizens grow and expand,” said Rep. C. Robert Brawley. “Thank you, Pactiv, for 51 new jobs in Mooresville. We look forward to a rewarding future.”
“Lenoir County has a strong, talented workforce. We welcome Pactiv’s decision to grow here in Kinston,” said Sen. Louis Pate.
Other partners that helped with this project include: the N.C. Department of Commerce, N.C. Community Colleges, Mooresville-South Iredell Economic Development Corporation, Lenoir County Economic Development Corporation, Iredell County, Lenoir County, Town of Mooresville and the City of Kinston.
For more information about Pactiv, LLC, including job opportunities, visit www.pactiv.com.