155 new jobs coming to Oxford
OXFORD — The world’s second-largest zipper manufacturer is about to get bigger.
Ideal Fastener Corporation has announced plans to expand its manufacturing facility in Oxford by creating 155 jobs by the end of 2019 and invest more than $5.7 million. It chose Oxford over sites in China, Indonesia and India. The company currently employs 226 people in Oxford.
“This announcement is another example of the confidence employers have when it comes to investing in North Carolina,” Gov. Pat McCrory said in a statement. “These new jobs resulting from this expansion will make a significant impact in the economy of Granville County and the city of Oxford.”
The average salary for the positions will be $35,200, a little less than the Granville County average of $35,592. Ideal Fastener will be eligible for some $1.3 million in state incentives if it meets certain hiring and investment targets.
David Smith, chairman of the Granville County Board of Commissioners, said he was pleased to see such an expansion.
“Ideal Fastener has been and continues to be a good corporate citizen of Granville County,” he wrote in an email. “We appreciate the expansion of this business that provides jobs for our community. The Granville County Board of Commissioners, the Granville County Economic Development Department and the North Carolina Department of Commerce are to be commended for their hard work on this project. Thank you to Ideal Fastener for continuing their long-term commitment to Granville County and the surrounding area.”
Smith said via telephone he thought the jobs would be a boon to the area.
“We’re excited about it,” he said. “It will be a big boost to Granville County and the surrounding area.”
State Rep. Nathan Baskerville — whose 32nd District includes Granville, Vance and Warren counties — said many people were involved in the effort to bring greater investment to the area, including Vance-Granville Community College, the state Department of Commerce, Granville County and Granville’s Economic Development Commission.
“The announcement is the end product of months of hard work, dedication and cooperation between industry and government,” he said. “I’m proud to have played a small part in providing this opportunity for District 32.”
State Commerce Secretary Sharon Decker said in a statement the announcement shows manufacturers have the confidence to invest in North Carolina.
“This expansion in Oxford will enable Ideal Fastener to manufacture a zipper using new technology that its customers will be able to apply to their products,” she said. “To have this new product made by North Carolina workers is further evidence of the quality workforce we have to offer employers.”
The two authorized spokesmen for Ideal Fastener were unavailable for comment.
The company’s website states that Ideal Fastener is the second-largest zipper manufacturer in the world with factories and offices in more than 20 countries worldwide. It makes zippers for automotive seating, furniture, home furnishings, luggage, uniforms and a variety of other uses.
Ideal Fastener was founded in New York in 1936. In 1966, the company moved its manufacturing headquarters to Oxford.
A state Job Development Investment Grant in part made the deal possible. Under the terms of the award, Ideal Fastener can receive up to 12 annual grants equal to 62 percent of the state personal income tax withholdings from eligible new jobs created after the date of the initial award, according to the release.
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