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Wednesday, October 4, 2023

Tex-Tech to invest $24 mn on textile factory in Winston-Salem

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Tex-Tech Industries, a leading manufacturer of specialty textiles, will create 49 new jobs in Forsyth County, governor Roy Cooper has announced. The company will invest more than $24.8 million to build a new manufacturing centre in Winston-Salem.

New positions include managers, operators, technicians, and sales personnel. Salaries will vary for each position. However, the overall expected average annual salary is $67,918. Forsyth County’s average annual wage is $57,351. These new jobs have the potential to create an annual payroll impact of more than $3.3 million for the region, Tex-Tech said in a press release.

Tex-Tech Industries will create 49 new jobs and invest over $24.8m to build a 170k sq ft manufacturing centre in Winston-Salem. The move builds upon the company’s 60-year success in Forsyth County, North Carolina, with the new jobs including managers, operators, technicians and sales personnel. Salaries will vary but overall average annual wage is $67,918.

A performance-based grant of $125,000 from the One North Carolina Fund will help with Tex-Tech’s expansion. The One NC Fund provides financial assistance to local governments to help attract economic investment and create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All One NC grants require matching participation from local governments and any award is contingent upon that condition being met.

Headquartered in Kernersville, North Carolina, Tex-Tech serves the aerospace, automotive, defence, medical, and protective apparel industries. The company also aims to increase its manufacturing operations with a new 170,000-square-foot building.

“Expanding in Forsyth County was the best decision for our company,” said Kelly Moore, chief financial officer of Tex-Tech Industries. “Being centrally located on the East Coast and having access to a growing advanced manufacturing talent pool were some of the differentiating factors for our decision to grow here.”

“It’s no surprise that Tex-Tech continues to see the value of doing business in our state,” said NC commerce secretary Machelle Baker Sanders. “North Carolina’s reputation for textile research and development woven with the largest nonwovens workforce in the nation and strong textile supply chain, make our state a great choice for Tex-Tech’s expansion.”

Fibre2Fashion News Desk (NB)


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