Darnel Inc., is a producer of food packaging products and has operated its styrene and pulp-based product manufacturing plant in Monroe
Darnel is a producer of food packaging products. (Credit: Shutterbug75 from Pixabay)
Union County and the City of Monroe have approved economic development incentives for the expansion of an existing manufacturing facility for Darnel, Inc. These inducements were necessary to secure the company’s investment in The City of Monroe and Union County, North Carolina.
Darnel’s decision to expand its facility in Monroe will generate a capital investment of approximately $16,000,000 over the next five years that will include the construction of a 60,000 SF warehouse and the purchase and installation of state-of-the-art production equipment. These investments will enable the company to meet significant increases in demand for their current products as well as introduce new offerings to its customers across North America. Also, approximately 20 new jobs will be created in Monroe and Union County, NC over the initial investment period.
“Darnel is pleased to have received this vital support by both the City of Monroe and Union County,” stated Phil Jones, President-North America of Darnel, Inc. “This expansion will allow us to increase our workforce, providing many career opportunities for this community; while increasing our manufacturing capacity and the portfolio of products we deliver to our North American customers.”
A subsidiary of Ajover, headquartered in Colombia, South America, Darnel Inc., is a producer of food packaging products and has operated its styrene and pulp-based product manufacturing plant in Monroe since 2006. The plant currently employs 250 people and occupies 370,000 SF.
“Darnel, Inc. has been a part of our community for nearly 16 years, and we are very delighted to have secured their continued investment and job creation,” stated Chris Platé, Executive Director of Monroe-Union County Economic Development. “Union County & Monroe take care of their existing industrial base and has always sought ways to assist them in remaining globally competitive.”
The Union County Board of Commissioners approved a “STEP 3” economic development incentive grant not to exceed $352,000 in total at its March 7th, 2022 Board of County Commissioners meeting. While Monroe City Council awarded a Level III economic development incentive grant not to exceed $320,000 over the same period at their meeting on March 8th.
Source: Company Press Release