NEWS

Reliance Packaging invests $3.5 Million to Expand Aberdeen, North Carolina Manufacturing Plant

Wednesday, Apr 08, 2015

Reliance Packaging will invest $3.5 million to expand its operations in Aberdeen, N.C., and create 48 new jobs over the next three years in Moore County.

Part of the Sigma Plastics Group, the company manufactures and supplies printed bags and rollstock to a variety of companies including the lawn and garden market. Reliance Packaging currently has 12 employees in Aberdeen. With this expansion, the company will relocate its manufacturing operation to North Carolina.

“We are very grateful to Moore County, the Town of Aberdeen and the state of North Carolina for their commitment to support our manufacturing operation,” said Satish Sharma, President & Chief Operating Officer of Reliance Packaging LLC. “Reliance Packaging and the Sigma Plastics Group’s investment in purchasing additional equipment and developing new products will allow us to create new jobs for Moore County and North Carolina. We sincerely appreciate the support we have received from local and state governments, through the granting of financial assistance, which reinforces the benefits of working together and will enhance job growth."

“Reliance Packaging and the Sigma Plastics Group is excited and proud to begin its expansion with the support of the community,” added Sharma.

The project was made possible in part by a performance-based grant from the One North Carolina Fund of up to $52,000. The One NC Fund provides financial assistance, through local governments, to attract business projects that will stimulate economic activity and create new jobs in the state. Companies receive no money up front and must meet job creation and investment performance standards to qualify for grant funds. These grants also require and are contingent upon local matches. “It is always great news when one of our employers makes the decision to grow its presence here in North Carolina,” said Gov. Pat McCrory. “These new jobs being created by Reliance Packaging are just one more part of the ‘Carolina Comeback’.”

In addition to the N.C. Department of Commerce and the Economic Development Partnership of N.C., other partners that helped with this project include: North Carolina Community College System, Sandhills Community College, North Carolina DOT, Aberdeen Carolina & Western Railroad, Moore County Partners in Progress, The Town of Aberdeen and Moore County.

 

areadevelopment.com

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