The County’s Office of Economic Development is pleased to announce the retention and expansion of Teknos US Inc. The company plans to relocate into a larger facility in unincorporated Mecklenburg County. The $4.2 million expansion will retain 17 existing positions and create 25 new jobs in the County over the next five years. The growth will allow Teknos to increase manufacturing capacity to meet growing North American customer demand.
“We are pleased to support the retention and growth of Teknos US,” said George Dunlap, chairman of the Mecklenburg Board of County Commissioners. “Teknos’ commitment to remain in Mecklenburg County continues to provide for a diverse and robust manufacturing community and offers a wide range of jobs from production floor to research chemists.”
Upon approval from the Mecklenburg Board of County Commissioners, the County will support the investment through a Business Investment Program (BIP) grant of $88,417 over five years. The County estimates an additional $73,200 in sales tax revenue by the end of the grant term.
“Our target is to grow heavily outside of Europe. We see potential in the U.S. as the coatings market is growing here,” said Paula Salastie, CEO and owner of Teknos Group. “For us, it is vital to be close to our customers and to be able to serve them locally. These new premises enable us to innovate, create and produce new coatings solutions for country specific needs.”
The State of North Carolina, with the support of the Economic Development Partnership of North Carolina, is providing funds through the North Carolina Community College System to develop customized training.
Teknos US produces sustainable paints and coating solutions for the construction, transportation, manufacturing machinery, mining, oil and gas industries as well as other sectors. Teknos US has had a presence in Mecklenburg County since 2007.
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