K-FLEX USA Doubles NC Manufacturing Center
- Nov 04, 2016
Youngsville, N.C.—Italy-based K-FLEX USA plans to nearly double in size with the expansion of its manufacturing operations in Franklin County, N.C. The company will add 100 supervisors, skilled operators and maintenance technicians, among other personnel. The Italian firm intends to make a $45 million investment in facilities and equipment over the next four years.
Situated at 100 Nomaco Drive in Youngsville, N.C., K-FLEX USA is a leading manufacturer of thermal and acoustic insulation, gaskets, seals and mats designed for buyers in the energy, construction, marine, automotive and athletics industries. K-FLEX USA is a unit of Italy’s IK Insulation Group, which makes and distributes insulation products around the world.
“This new facility will ensure that K-FLEX USA can continue to meet the growing demand for our products in North America and around the world. We are grateful to Franklin County and the state of North Carolina for their support as we invest in our shared future,” said Giuseppe Guarino, president of K-FLEX USA, in a prepared statement.
K-FLEX’s expansion will be facilitated, in part, by a Job Development Investment Grant approved by the state’s Economic Investment Committee. The company is eligible to receive up to $1.1 million in total reimbursements. Payments will occur in annual installments over 12 years pending verification by North Carolina departments of commerce and revenue that the company has met incremental job creation and investment targets.
Other organizations supporting K-FLEX’s expansion include the North Carolina General Assembly, the North Carolina Community College System, N.C. Transportation, Franklin County and the Franklin County Economic Development Commission.
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