Polyethylene foams maker Palziv North America is spending $5.2m (€4.9m) on an expansion project in Louisburg, North Carolina,US, in a move that will add 40 jobs.
The subsidiary of Palziv of Ein Hanatziv, Israel, makes cross-linked, closed-cell polyethylene foams in rolls, blocks and semi-processed customized products.
“Palziv has seen significant growth in our Crosslinked Foam division, leading our company to make strategic moves and investments to meet this growing North American demand,” said Paul Robertson, Palziv’s chief operating officer, in a statement. “With a great performance record from our Louisburg employees, combined with critical support from the state and local government, it became clear to us that Franklin County, North Carolina, was the right choice.”
The new jobs have an annual payroll impact of more than $1.1m (€1m) in the local economy, the North Carolina governor’s office said.
Palziv is receiving a $40,000 (€37,700) performance-based grant from the One North Carolina Fund to help with the expansion.
The company opened its first US plant in Louisburg in 2010. It joined a distribution centre in Anna, Ohio, and a manufacturing plant in Cobourg, Ontario. Production also takes place in Israel and Romania.