US subsidiary of German Saertex GmbH & Co., Saertex USA, has announced that it will invest $6.5 million over the next three years to expand its facility which manufactures technical fabrics for lightweight composite structures for green energy applications.
The investment was funded in part by the One North Carolina fund, which offers financial assistance through local governments to promote business investments and create jobs. The company plans to add 178 jobs to its current staff consisting of 126 employees.
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