News

Dai Nippon Printing Co., Ltd. (DNP), a lithium-ion battery pouch manufacturer, will create 352 new jobs in Davidson County. The company will invest $233 million to build its first U.S. advanced manufacturing facility in the City of Linwood. DNP manufactures lithium-ion battery pouches for electric vehicles. The durable yet soft, flexible plastic packaging material will… Read more »

Toyota will invest an additional $8 billion in its first North American electric vehicle battery manufacturing facility, adding another 3,000 jobs. The project, called “Toyota Battery Manufacturing North Carolina” was initially a $1.29 billion investment announced in 2021 with expansions in 2022 and 2023 and is now valued at $13.9 billion. The project will create… Read more »

Toyota will invest an additional $2.5 billion in its newest North American facility, Toyota Battery Manufacturing North Carolina (TBMNC). This investment adds capacity to support battery electric vehicle (BEV) battery production and adds 350 jobs, bringing the total employment to approximately 2,100. Scheduled to begin production in 2025, the facility will produce batteries for hybrid… Read more »

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… Read more »

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… Read more »

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.… Read more »

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,… Read more »