CONCORD, N.C. - A local company plans to expand production capacity at its Concord plant and hire an additional 250 employees.
Gov. Bev Perdue and officials from Celgard, which develops and produces specialty membranes used in the lithium battery industry, announced the plans Monday. The expansion is designed to increase production capacity to supply lithium battery manufacturers focused on the electric vehicle industry, Celgard said.
“We're tickled to death with what Celgard's doing,” Perdue said. “We just had the plug-in conference in Raleigh. This is an industry for the 21st century.”
The company said it plans to create 250 jobs and invest $105 million in Cabarrus County over the next two years.
While salaries will vary by job function, the overall average wage for the new jobs will be $37,912 not including benefits. That’s higher than the Cabarrus annual average of $32,448.
The state's Economic Investment Committee voted to award Celgard a Job Development Investment Grant, which are given to new and expanding businesses and industrial projects whose benefits exceed the costs to the state and which would not be undertaken in North Carolina without the grant.
Under its terms, the company is eligible to receive a grant equal to 65 percent of the state personal income withholding taxes derived from the creation of new jobs for each of the 11 years in which the company meets annual performance targets. If Celgard meets the targets called for under the agreement and sustains them for 11 years, the JDIG could yield up to $2.3 million in benefits for the company.
The company also has been awarded $500,000 from the One North Carolina Fund, which assists the state in industry recruitment and expansion.
For more information about job opportunities with Celgard, click here.
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