July 9. Nutec Group will build a new, 62,500 square foot advanced manufacturing facility on Mt. Holly-Huntersville Road in Huntersville. The industrial insulation company will create 61 new jobs.
Nutec, headquartered in Monterrey, Mexico, has plants in Brazil, Mexico and Spain.
The Charlotte Chamber, Charlotte Regional Partnership, Economic Development Partnership of North Carolina, EnergyUnited and the North Carolina Department of Commerce provided assistance with this project.
The proposed facility is contingent upon approval of a Business Investment Program grant by the Mecklenburg County Board of Commissioners, as well as Economic Development Incentive grant approval by the Huntersville Town Board of Commissioners. Total economic grants from the state, Mecklenburg County and Huntersville are valued at $400,000.
“Nutec is proud and we feel very fortunate to have found Huntersville in Mecklenburg County as the new home of our first U.S. manufacturing facility,” said Gerardo Muraira, plant manager for the Huntersville location. He cited the location’s proximity to Charlotte and the airport in making the decision.
Total payroll for the local jobs will be about $2.5 million annually.
“I am pleased to welcome Nutec to Huntersville,” said Jill Swain, mayor of Huntersville. “It says so much about our town that they chose to build their first North American operations here. We know we were competing against other qualified municipalities, but we have felt for a long time that Nutec and Huntersville just fit together well. “
Nutec produces high-temperature insulation fibers for petrochemical, ceramic, power generation, glass and heat treating. The company’s website is: www.nutec.com.
The company is expected to receive $100,000 from the One North Carolina Fund, as well as $216,466 from the county and $86,391 from Huntersville.
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