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MetOx International Inc. to Invest $193.7 million and Create 333 New Jobs in Chatham County

MetOx International Inc., a pioneering manufacturer of high-temperature superconducting (HTS) wire, will invest $193.7 million to build a major production facility in Chatham County, creating 333 jobs. Headquartered in Houston, MetOx International aims to strengthen domestic supply chains and accelerate innovation in advanced energy technologies. HTS enables ultra-efficient power transmission with no energy loss, making it a game-changer for power grids, data centers, and next-gen defense and aerospace systems. MetOx’s Xeus™ HTS wire, to be produced at the new plant, can deliver up to ten times the efficiency of traditional copper cables, helping meet the rising power needs of AI and clean energy industries.
Although wages will vary by position, the average salary of the new positions is $75,132, bringing more than $25 million of annual payroll growth to the region. The current average wage in Chatham County stands at $48,413.

Cherokee Tobacco Company Selects Caswell County; Creates 39 Jobs, Invest $14 Million

Cherokee Tobacco Company will create 39 new jobs and invest more than $14 million to build a new manufacturing and distribution operation in Caswell County. Cherokee Tobacco Company is a family-owned business that has manufactured and sold its own brand of cigarettes, cigars, and pipe products for more than two decades.

The new build-to-suit facility will provide a clean manufacturing space to add new, next-generation product lines. The company will consolidate their existing operations, along with JEB International, into one 65,000-square-foot location in Pelham.
Although salaries will vary by position, the average annual wage will be $65,154, which exceeds the Caswell County average of $43,046. These new jobs could potentially create an annual payroll impact of more than $2.5 million for the region.

Superior Glove Selects High Point; Creates 100 Jobs

Superior Glove, a global leader in the design and manufacturing of safety gloves and sleeves, has selected High Point for its first manufacturing facility in the United States. Superior Glove has leased a 45,000 SF warehouse at 782 Gallimore Dairy Road with plans to make a significant capital investment and create over 100 jobs in the next 5 years. The company, based in Acton, Ontario, Canada, specializes in providing work gloves and personal protective equipment (PPE) to industrial, welding, contractor and specialty markets.

“This is an exciting milestone for Superior Glove as we expand our operations to better meet the growing needs of our customers,” said Tony Geng, President of Superior Glove. “High Point’s talented workforce and strategic location make it an ideal choice for our first U.S. manufacturing facility, and we’re eager to build lasting partnerships within the community.”

https://www.highpointnc.gov/CivicAlerts.aspx?AID=4817

Wieland to Expand in Stokes County; Add 50 Jobs, Invest $27 Million

Wieland, a global copper manufacturer, will add 50 new jobs and invest more than $27 million in expanding its production facility in Pine Hall.
Wieland is one of the world’s leading suppliers of semi-finished copper and copper alloy products. With a global network of production sites, Wieland offers a range of solutions for customers in the air conditioning, refrigeration, electronics, and automotive industries. The company will expand its current facility in Pine Hall to meet rising market demand for tubing and energy-efficient cooling systems within the HVAC, defense, and aerospace industries.

While wages vary by position, the average annual wage for new positions will average $56,900, exceeding the Stokes County average of $36,481. These new jobs could potentially create an annual payroll impact of more than $2.8 million for the region.

IQE to Expand in Greensboro, Add 190 Jobs and Invest $305 Million

IQE, Inc., a global semiconductor manufacturer, will expand in Guilford County, signaling its ongoing commitment to future investment in the region, subject to customer commitments and funding from the federal CHIPS Act. The company plans to add 109 jobs and invest $305 million over several years to expand its manufacturing facility for next generation compound semiconductor material in the City of Greensboro.
IQE, Inc. is the United States subsidiary of IQE, PLC. Operating in Greensboro for more than a decade and with 72 employees, IQE manufactures epi wafers using molecular beam epitaxy for the defense and aerospace industries. This potential investment would add a new, complementary epitaxy called metal-organic chemical vapor deposition (MOCVD) and would provide a new clean technology for semiconductor chip production to help serve the electric vehicle market.

“Greensboro has proven to be a strategic location for IQE and has provided access to exceptional talent,” said Jutta Meier, Interim CEO of IQE. “We look forward to continuing our partnership with the city as we progress further with our application for Government funding via the CHIPS Act, which along with funding commitments from the State, will provide us with the capital to invest and expand our local footprint.”