Category Archives: Show on PTP

Boom Supersonic, the company building the world’s fastest and most sustainable supersonic airliner, announced plans to build the Overture Superfactory that will serve as its primary manufacturing and production site in Greensboro, N.C. The new facility, which will be located at Piedmont Triad International Airport (PTI), builds upon the state’s storied legacy of aerospace innovation, starting with the Wright Brothers’ first successful flight in Kitty Hawk, Honda Aircraft Company’s world headquarters and HondaJet manufacturing operation in Greensboro.

By 2030, the Overture Superfactory will create more than 1,750 new jobs and will bring an investment of more than $500 million at the site. The average salary at the facility will be $68,792, which is more than 25 percent higher than the overall annual wage of $53,994 in Guilford County, N.C. in 2021. North Carolina economists estimate that the Overture Superfactory will grow the state’s economy by at least $32.3 billion over 20 years.
“Selecting the site for Overture manufacturing is a significant step forward in bringing sustainable supersonic air travel to passengers and airlines,” said Blake Scholl, founder and CEO of Boom Supersonic. “With some of the country’s best and brightest aviation talent, key suppliers, and the state of North Carolina’s continued support, Boom is confident that Greensboro will emerge as the world’s supersonic manufacturing hub.”

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1/4/22 Young Door Company, a new manufacturing firm will open in Pilot Mountain. The company will eventually invest more than $3 million and create up to 40 jobs. The company will produce interior doors that will be sold at home improvement stores and other retailers where millwork is sold.
“Tom [Brown] and I are very excited to be starting our manufacturing business in Pilot Mountain. It is a great location for the customers we are targeting and we are looking forward to being a part of the community,” co-founder Mark Stukenborg said.
Stukenborg said both he and Brown grew up in small towns, and they were looking for a smaller community where a strong work ethic is common among its residents, and he said they needed a building large enough and designed in a way that would allow them to turn it into a manufacturing facility.
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LT Apparel Group, a leading manufacturer of childrenswear apparel is expanding operations in North Carolina with an investment of at least $57 million in Greensboro. The company’s project will add a minimum of 116 new jobs to the community and will help increase industrial capacity at the Reedy Fork Corporate Park.
The company’s new jobs will yield an average salary of $50,235, in line with Guilford County’s average annual wage. Once the project’s new jobs are in place, the local region will benefit from a more than $4 million payroll impact in the community, each and every year.
“Our operations here in Greensboro have come full circle,” said Richard Sutton, CEO, LT Apparel Group. “From designing products in Revolution Mill to warehousing and distributing them from Brown Summit, LT Apparel is part of the fabric of this community, and we’re committed to remain so. After a long search for our new home, it became clear that Greensboro was the right choice for us. We appreciate the support we’ve received from all the state and local partners, and we look forward to growing our company in North Carolina.”
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Toyota will build its first North American battery manufacturing plant for a new generation of vehicles in North Carolina, creating at least 1,750 jobs. Toyota will invest $1.29 billion at the Greensboro-Randolph Megasite.

The new plant in Randolph County will initially produce batteries for Toyota’s hybrid electric vehicles, and intends to produce batteries for battery electric vehicles long term.
“The future of mobility is electrification and the Greensboro-Randolph Megasite is the ideal location to make that future a reality,” said Ted Ogawa, CEO of Toyota Motor North America. “North Carolina offers the right conditions for this investment, including the infrastructure, high-quality education system, access to a diverse and skilled workforce, and a welcoming environment for doing business. Today marks the beginning of a mutually beneficial partnership with the Tar Heel state as we embark on our journey to achieve carbon neutrality and provide mobility for all.”
Salaries for the new jobs at the battery plant will vary by position, but will average $62,234, increasing the regional payroll by more than $100 million every year. Randolph County’s overall average annual wage is currently $37,865.
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Palltronics, the maker of the world’s first fully-trackable shipping pallet, has chosen Mocksville for its first manufacturing facility. The highly-anticipated pallets are already sold out for the first three years of production. The Michigan-based company has leased a new 253,000-square-foot industrial building in the SouthPoint Business Park on US 601 North and plans to invest more than $40 million in equipment and upfitting to create a world-class advanced manufacturing facility capable of producing more than four million pallets annually. Palltronics expects to create 200 new jobs by the time the plant opens during the third quarter of 2022.
The Palltronics shipping pallet is an advanced pallet embedded with electronics that offers unprecedented track and trace capabilities. Using technology much like the GPS on a smartphone, each pallet can be traced in “real-time” virtually anywhere. This pallet also includes temperature and humidity sensors and an accelerometer that helps clients ensure that their perishable products arrive at their destination at peak quality. The accelerometer indicates any unusual disruption that products may have experienced.
According to Palltronics President Marty DiFiore, the company began the search for the ideal location to begin production in May 2021. It was looking for a location on the East Coast and considered North Carolina desirable because of its proximity to the ports for inbound freight, its logistical location and access to trucking companies for shipping finished pallets, and a highly-trained workforce well-versed in wood products because of the furniture industry. DiFiore continued, “We found the perfect building, a talented workforce, and the ideal location logistically. We were thrilled with the welcome that we received from the community and the landlord and are really excited to begin producing and manufacturing our state-of-the-art pallets in Mocksville.”
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