Mafic USA, a unit of Mafic Inc. (Ontario, Canada) will invest $15 million in a new production facility in Shelby, North Carolina. The company’s new operations in Shelby will employ about 113 skilled operators, engineers, sales staff and other personnel.
The company is a global producer of continuous and chopped basalt fiber as well as long fiber thermoplastic resins. Mafic products are shipped to buyers in the automotive, aerospace, alternative energy and numerous other industries. The company currently produces its basalt fiber products in Ireland and its long fiber thermoplastic resins in Canada.
“We considered a number of locations across the U.S. for our first American manufacturing facility, said Mafic CEO Mike Levine. “North Carolina and Cleveland County had been under consideration from the start, due to its network of specialized suppliers and wide-range of potential B2B customers and strategic partners. What sealed the deal for us was the multifaceted support from all levels of government; the state, county and city. In particular, the Cleveland County Economic Development Partnership went way beyond what was expected.”
Editor PickA tsunami of growth: An inside look at the CSP/Teijin merger
I had the opportunity to meet and interview the top executives of Continental Structural Plastics (CSP, Auburn Hills, MI, US) and Teijin Ltd. (Tokyo, Japan) last week. The occasion was an open house and celebration of the acquisition of CSP by Teijin.