Packrite selects High Point for $9.5M Expansion

Triad Business Journal - April 2015

» Posted on Apr 10, 2015 in News

Triad Business Journal – It’s official: Packrite, a High Point-based packaging firm that employs 78 people, will begin construction next month on a 70,000-square-foot addition to its existing plant as it expects to add 100 jobs during the next five years.

GroundbreakingIt’s part of a $9.5 million expansion that the High Point City Council approved $152,450 worth of incentives for in January. The company also is the recipient of a performance-based grant from the One North Carolina fund for up to $100,000. The expansion announcement was made Tuesday from Packrite’s facility on Packrite Court in High Point.

The estimated investment includes $2.6 million for construction of the addition at Packrite’s 125,000-square foot plant located at 1650 Packrite Court and about $6.9 million worth of equipment, including a 300-foot-long Asitrade corrugated box former expected to arrive in November and be installed by year’s end. Of the 100 jobs, 91 will be technical machine operators and helpers, shipping positions, scheduling positions and maintenance positions, while nine jobs will be supervisors and managers. The average wage of the new jobs will be approximately $34,825.

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