Governor Pat McCrory and N.C. Commerce Secretary Sharon Decker announced on Dec. 23 that Fiber Composites, LLC, doing business as Fiberon, will expand its Stanly County operations. The company plans to create 25 new jobs and invest $3.8 million during the next three years in New London. The N.C. Department of Commerce’s Martyn Johnson was the developer on this project.
Fiberon is a manufacturer of composite and PVC decking, railing, and fencing products used in homes and light commercial construction across North America. Through extensive product development and leading-edge manufacturing capabilities, Fiberon has created innovative, alternative outdoor living products.
The company, founded in 1997 and privately owned, has operations in North Carolina and Idaho. The New London facility is the North American division headquarters, and the company employs 324 workers in North Carolina.
“The company is appreciative of the dedication and skill of our local workforce in Stanly County and is happy to be able to expand our operations in New London,” said President Douglas Mancosh. “We are excited to locate our new recycling operation in New London, which will support our growing composite extrusion business.”
The project was made possible in part by a performance-based grant from the One North Carolina Fund of up to $48,000.
Other partners in the project include: N.C. Community Colleges, Stanly County Economic Development Commission, Stanly County, Stanly Community College and the Town of New London. Read more.