EcoResin has announced that it is expanding its operations in North Carolina with the opening of a recycling facility in Rutherford County, NC. EcoResin, a plastics recycling company, is being assisted with the expansion through a $150,000 grant from the state of North Carolina’s One North Carolina Fund. The total investment for the expansion will total around $4.2 million, which will be spent over the next three years.
EcoResin recycles industrial scrap plastics into pellets, which are then sold to companies in the automotive and packaging industries.
In a statement, Darren Lynch, president of EcoResin, said, “We have selected North Carolina as the site for expansion because of the skilled employee base, the access to key suppliers and customers, and the state’s commitment to the plastics industry.”
The One North Carolina Fund assists the state in recruiting and expanding quality jobs by providing financial assistance to businesses or industries deemed by the Governor to be vital to a healthy and growing state economy. Through the use of this Fund, 17,000 jobs and $2 billion in investment have been created since 2001.