Thursday, December 5, 2024
HomeContractingPlastic extruder plans $7 million expansion in Moore County

Plastic extruder plans $7 million expansion in Moore County

Reliance Packaging, LLC, a manufacturer of printed plastic packaging, will  invest more than $7.4 million to expand its operations and increase its capacity in the Town of Aberdeen.

“This announcement is yet more proof that North Carolina is the best state for business,” said Gov. Roy Cooper said in a statement. “When companies like Reliance Packaging choose to expand in Moore County, it validates the strength of our manufacturing economy, workforce, and our quality of life.”

Operating in Aberdeen since 2014, Reliance Packaging extrudes plastic resin into printed heavy duty plastic bags and film for the lawn and garden market as well as many other outdoor applications. A Joint Venture with Sigma Plastic Group, Reliance extrudes, prints, and converts, along with developing brands and graphic designs for high-quality products to hold mulch, soil and decorative lawn rock that are sold throughout various outlets, including Home Depot, Lowe’s, and Walmart, across the United States. This expansion includes building improvements and two additional multi-layer film extruders for the 180,000-square-foot manufacturing facility.

“We are excited about the opportunity to expand our manufacturing facility here in Aberdeen and create jobs in Moore County, said Satish Sharma, President & COO of Reliance Packaging. “The new investment will enable the use of Post Consumer Recycle as a major effort to support sustainability within our industry. Reliance Packaging already reprocesses between 10,000 to 20,000 pounds of waste plastic every day and the installation of this new technology and automation will facilitate higher quality products with an eco-friendly solution.”

A performance-based grant of $50,000 from the One North Carolina Fund will help facilitate Reliance’s expansion in North Carolina. 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.

“We welcome the new jobs from Reliance Packaging,” said N.C. Representative Ben T. Moss, Jr. “This company has been a great member of our business community, and we are ready to support them in their next phase of growth.”

RELATED ARTICLES
- Advertisment -

Most Popular

Recent Comments