Category Archives: Show on PTP

Metal Works of High Point will expand its operations, investing $2,819,000 and adding 20 jobs. The company has purchased 1245 Hickory Chapel Rd. The 37,050-sf property will house a powder-coating line and additional room for assembly to help meet growing demand.

The family-owned company, headquartered in High Point, manufactures metal components, weldments and assemblies for the material handling, furniture, transportation, power generation and appliance industries.

“Over our 30-year history in High Point, we have experienced a lot of growth, and now with this expansion we can continue to grow and create more jobs in the community,” said Metal Works president and owner Jonathan Hall.

Currently, Metal Works has 52 full-time employees. The 20 new jobs are projected to be added over the next two years and will meet the Guilford County average annual wage. Positions will include a director of operations, quality engineer, welders, painters, and machine operators among others.

With the property purchase completed, renovations will now begin with the goal to be operational by October 2022.

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Snack food company, Lotus Bakeries, will create 62 new jobs in Alamance County. The company will invest more than $84 million to add a new production facility at its Mebane location. New positions include operators, technicians, and material handlers, with a collective average annual salary of $47,873, exceeding Alamance County’s overall average annual wage of $46,999. The new jobs have the potential to create an annual payroll impact of more than $2.9 million for the region.

This is the company’s second expansion in a year. Lotus Bakeries continues to evolve the product lines of its Biscoff and BEAR brands. With 12 global production plants, the company only produces the Biscoff cookie at its headquarters in Belgium and North Carolina, which opened in 2019. Since opening in Mebane, Lotus has grown its only U.S. manufacturing plant to 237,000 square feet, with this project providing an additional 171,000 to the site, adding two more production lines, warehouse operations, and employee amenities.

“We are thrilled to further expand our manufacturing footprint in North Carolina,” says Margo Joris, General Manager of Lotus Bakeries US. “This expansion project will substantially increase our capacity in our plant in Mebane and we look forward to attract skilled employees to join our exciting journey.”

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North Carolina is one of two states that has received Area Development magazine’s inaugural 2022 Platinum Shovel award which recognizes states that went beyond the gold standard for investment and job creation. The Platinum Shovel award is part of Area Development’s annual celebration of economic development, which also includes the Gold and Silver Shovel awards. North Carolina was previously honored by the magazine, having received Gold Shovel awards in 2018 and 2021 and Silver Shovel awards in 2009, 2011–2017, and 2019–2020.

Area Development magazine presents the Annual Shovel Awards to states in recognition of their state economic development agencies and their achievements in job creation and economic impact through policies and processes that attract and develop new and existing businesses. All 50 states across the country submitted their top ten job creation and investment projects from 2021, which were then scored on the number of high value-added jobs per capita, amount of investment, number of new facilities and industry diversity.

“By virtue of the fact that North Carolina’s 10 submitted projects will be responsible for the creation of more than 9,000 jobs and $6 billion in company investment, the state went beyond the gold standard and is receiving our new Platinum Shovel award,” said Area Development’s Editor Geraldine Gambale.

North Carolina also had two projects recognized as Projects of the Year. Apple’s research and development center in Wake County was recognized as Non-Manufacturing Project of the Year. Toyota’s first North American electric vehicle battery manufacturing plant in Randolph County won Manufacturing Project of the Year. The project will create 1,750 jobs and invest $1.3 billion.

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The Davie County Economic Development Commission said that there are four new speculative buildings planned for the county’s industrial parks.

The buildings will range from 130,000 to 500,000 square feet in space and are currently in the planning stages or under construction to replace those filled in 2021 or 2022 by Hayward Holdings, Sportsfield Specialties, DFA, Scott Bader and Palltronics.

Two of the speculative buildings will be in the South Point Industrial Park, which is being developed The Hollingsworth Cos. just north of Interstate 40 on U.S. 601. Those buildings are expected to be available by the end of 2022.

Davie Industrial Development LLC is planning a a 500,000-square-foot building in Davie Industrial Center to be available in the first quarter of 2023.

A developer new to Davie County, the Crown Cos. plans to develop up to 2 million square feet of industrial space in its 160-acre industrial park off I-40 at the Farmington Road exit. The company
is in the planning stages of its first 300,000-square-foot building that it projects making available in the second quarter of 2023.

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