A textile firm in Turkey HPFABRICS, Inc has selected Forsyth County for a new production and product development facility, creating 260 jobs over three years, Gov. Roy Cooper announced.
North Carolina offers the skilled workforce companies need to succeed, Cooper said in a news release. The specialized experience their workers bring to the table is known around the world, and that stellar reputation played an important role in the companyâ€™s decision to come to their state.
The company, a manufacturer of raw fabrics, plans to invest $1.1 million over the next two years in a plant in Winston-Salem that formerly housed Microfibres, a company no longer operating in the city.
Microfibres, which produced fabrics for the furniture industry, went bankrupt last year, closing the Winston-Salem plant along with others in Rhode Island and Mississippi.
The state and Winston-Salem City Council have approved tax incentives for the project.
HPFabrics president Rafet Tukek said that Winston-Salem development officials the company would spend nearly $4 million to upgrade a closed textile plant in the city. He said that the manufacturing plant will strengthen trade between the United States and Turkey.
Raft Tukek, who formed HPFabrics in February, spent $5.92 million to purchase the Winston-Salem plant on Kimwell Drive and its assets. The startup,
HPFabrics Inc., would invest $3.85 million over five years in the project.
Tukek said that Winston-Salem economic development officials the average annual salary for the local jobs would be about $30,000, plus benefits. Tukek has more than 1,100 employees and three plants in Istanbul, makes $140 million in annual revenue.
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