Dec. 6. Millwork & Panel, a residential siding manufacturer, will invest more than $14 million over the next three years to expand its vinyl siding operations in Claremont creating 48 new jobs in Catawba County.

Over the next five years, the total investment is expected to be more than $27 million.

Background

Millwork & Panel produces maintenance-free siding and trim for the residential housing market. This expansion will add new state-of-the-art vinyl extrusion production lines, improve blending operations, and expand the capacity for vinyl siding.

$100K grant

A performance-based grant of $100,000 from the One North Carolina Fund will support the expansion in Claremont, which is about 30 mile northwest of Cornelius.

Details

New positions include machine operators, material handlers, operators, and technicians. While wages vary by position, the average annual wage is estimated to be $58,708, above the Catawba County average of $52,172.

The One NC Fund provides financial assistance to local governments to help attract economic investment and create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All One NC grants require matching participation from local governments and any award is contingent upon that condition being met.