North Carolina Governor Bev Perdue and executives from RockTenn Co., Norcross, Ga., have announced a plan for the consumer packaging company to expand and relocate its folding carton operation in Marion, N.C.
According to a news release issued by the state of North Carolina, RockTenn expects to invest around $23 million in 2011 and 2012 and will create 124 jobs. The company adds that it expects to invest a total of nearly $30 million on the project over the course of five years.
The folding carton plant in Marion is not one of the company’s recovered fiber-consuming containerboard mills, but rather a plant where RockTenn prints, laminates and cuts paperboard packaging for consumer products makers.
The One North Carolina Fund, a state agency that works to provide financial assistance to help attract businesses to the state, has awarded RockTenn a $372,000 grant. To receive funding, companies must demonstrate job creation and investment performance standards.
"We are extremely pleased to expand our operations in the Marion community,” said James Rubright, chairman and CEO of RockTenn, at a press conference. “Our continued growth in North Carolina enables us to improve on our primary objective, which is to enhance customer satisfaction by providing value-added products and services at low cost.”