Impact Plastics Invests $5.3M in North Carolina Plant

April 19, 2019

3 Min Read
Impact Plastics Invests $5.3M in North Carolina Plant
The Impact Plastics plant in Hamlet, NC. Image courtesy of Google Maps

Putnam, CT-based custom sheet extruder Superior Plastics Extrusion Company Inc., known as Impact Plastics, plans to invest $5.3 million to open a new manufacturing facility in Hamlet, NC, a release by North Carolina Gov. Ray Cooper said Thursday.

Impact Plastics produces thermoplastic resin materials, extruded sheets and roll stock that are used by a variety of industries, including food, cosmetics, and medical packaging. The firm also works with custom and proprietary thermoformers. 

“During the last 14 years of manufacturing at our Hamlet plant, the business environment fostered by both the state of North Carolina and Richmond County has always supported our growth initiatives,” said Impact Plastics’ general manager, Bill J. Burke Jr., in the release. “Their focus on supporting economic development within the state, combined with an excellent local workforce, has greatly contributed to our growth. With this continued support, we’re moving forward with this exciting project.”

About 13 new jobs with an average annual wage of $76,412 are expected to be created as a result of the expansion. The One North Carolina Fund provided Impact Plastics with a performance-based grant of $38,000 to assist the company in carrying out the plan. Impact Plastics must meet job creation and capital investment targets to qualify for the funds. 

The North Carolina Department of Commerce and the Economic Partnership of N.C. (EDPNC) worked with the company to support the project. 

Gov. Cooper’s release did not specify when work on the expansion is expected to start or reach completion.

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