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RMC ADVANCED TECHNOLOGIES TO INVEST $7 MILLION IN NEWTON

Posted By Terrance Barkan, Friday, October 16, 2020
RMC Advanced Technologies (RMC AT), a subsidiary of NanoXplore headquartered in Montreal, Canada, plans to expand its existing manufacturing facility in Newton. RMC AT recently acquired the Newton facility and operations from Continental Structural Plastics in September. Over the next three years, RMC AT plans to create 49 new jobs and invest a minimum of $7 million in new facility construction, machinery, and equipment. Salaries for the new employees will vary by position and experience. The overall average salary will be higher than the Catawba County average wage.

With nearly 400 global employees, RMC Advanced Technologies is an international manufacturer of graphene-enhanced plastics and composite products for industrial and transportation markets. The newly-acquired Newton operation further positions the company with the ability to continue to produce body and hood components for major North American truck and bus manufacturers. As part of the expansion, RMC AT will be constructing a new paint line, allowing the company to offer existing and new customers a turnkey solution and distinguish their offering from other competitors in the marketplace.

“RMC Advanced Technologies is extremely excited to have acquired and, in quick order, to be expanding our new Newton operation to better fulfill the needs of our North American customers,” said Ali Karnib, Vice President of Operations – Composite Business Unit. “We greatly appreciate the support from the State of North Carolina, Catawba County, and the City of Newton on this expansion project and we look forward to being an involved corporate citizen in our new community.”

"Catawba County is firmly committed to supporting our manufacturers and our manufacturing workforce,” said Randy Isenhower, chair, Catawba County Board of Commissioners. “With the expansion of RMC Advanced Technologies, we continue to strengthen our transportation components cluster and create new opportunities to grow our workforce.” 

“RMC Advanced Technologies considered operations across the globe for this expansion,” said Newton Mayor Eddie Haupt. “We are delighted they felt the City of Newton and Catawba County offered them the best mix of low business costs, access to key customer supply chains and a skilled manufacturing workforce. We appreciate their recognition that Newton provides great opportunities through our talented workforce and outstanding utility service. We look forward to growing with RMC Advanced Technologies for many years to come.”

“As we have been working with RMC Advanced Technologies on their expansion, we have been highly encouraged by the company’s desire to be actively involved in our community,” said Dr. Garrett Hinshaw, chair of Catawba County EDC. “Our community needs partners like RMC Advanced Technologies if we are to build impactful and lasting efforts like K-64 and Catawba Valley Community College’s Workforce Solutions Complex.”

RMC Advanced Technology plans to hire a variety of employees for the new manufacturing operation in areas of production, maintenance, quality, management, and supply chain logistics. Hiring is expected to begin early 2021.

Local incentives will be considered for the project at upcoming public hearings by the Catawba County Board of Commissioners and Newton City Council.

Tags:  Ali Karnib  composites  Eddie Haupt  Garrett Hinshaw  Graphene  NanoXplore  plastics  Randy Isenhower  RMC Advanced Technologies 

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NANOXPLORE ANNOUNCES THE ACQUISITION OF ASSETS IN THE UNITED STATES AND CORPORATE UPDATE

Posted By Terrance Barkan, Thursday, October 1, 2020
NanoXplore is pleased to announce that on September 11, 2020, through its wholly-owned affiliate RMC Advanced Technologies Inc., it acquired substantially all of the assets of Continental Structural Plastics’ operations located at 1400 Burris Road, Newton, North Carolina, including land and building, equipment and machinery, inventory and customer contracts (the “Business”), for a total purchase price of US$3,500,000, subject to inventory adjustments. The Business specializes in the production of composite components molded with dicyclopentadiene (DCPD) resin.

The Business employs nearly thirty (30) individuals and operates mainly in the markets of composite products for heavy trucks and machinery. It sells products to original equipment manufacturers (OEMs) and distributors in the United States, Canada and South America. There were no interruptions to any ongoing work or customer contracts as part of the closing of the transaction.

Soroush Nazarpour, President & CEO of NanoXplore, commented:

“This acquisition gives us a footprint in the United States and provides us with an opportunity to expand our graphene sales and marketing efforts. Potential graphene-enhanced composite products could be produced at the Newton facility for the transportation market and this facility could also house a future US-based graphene production plant.”

Rocco Marinaccio, COO of NanoXplore, commented:

“The acquisition of the facility and business in Newton will allow our Composite Business Unit to better serve its expanding group of valued customers in the United States. The location of the plant in central North Carolina is ideal due to its proximity to many of our current and future customers. This is an excellent opportunity for NanoXplore to continue serving customers with processes that have become critical for the transportation, trucking, automotive and construction industries, just to name a few.”

Tags:  composite  Graphene  NanoXplore  Plastics  RMC Advanced Technologies  Rocco Marinaccio  Soroush Nazarpour 

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