VEKA to Create 102 Jobs with Investment in North Carolina Facility

Window & Door
December 6, 2017
Companies

VEKA Inc. chose Morganton, North Carolina as the location for its fourth North American facility. The company reports it will invest $18 million with this project, and anticipates creating 102 full-time jobs over five years. The new location, which will operate as VEKA East, will accommodate up to 30 extrusion lines and will include manufacturing support, value-added services, offices and a warehouse. Operations are expected to start in the second half of 2018.

“North Carolina was a perfect location choice for us,” Joe Peilert, VEKA’s North American president comments. “The state offers a great business climate, is strategically located to support our customer growth and takes advantage of U.S. population and migration trends. The cooperation with the North Carolina business development team was excellent.”

VEKA reports that the North Carolina Department of Commerce and the Economic Development Partnership of N.C. were instrumental in supporting the company’s expansion decision. A performance-based grant of $500,000 from the One North Carolina Fund will help facilitate the company’s expansion in Burke County. The One N.C. Fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment.

“VEKA is bringing 102 new jobs and a significant capital investment to Morganton,” says North Carolina Senator Warren Daniel. “The people of Morganton and Burke County look forward to working with Veka to make this project a great success.”