RAUMEDIC, Inc., an international medical and pharmaceutical supply company headquartered in Germany, has announced plans to locate its first US-based production facility and headquarters in Mills River. The company expects to invest $26.3 million in the town and to create 138 new jobs (with average annual salary at $55,419) over the next five years. Most positions will draw sales and manufacturing professionals, bringing the company’s total number of employees to more than 700.
“North Carolina’s bio pharma industry continues to grow, and this announcement by RAUMEDIC is proof of that,” says Governor Pat McCrory. “The decision to locate this U.S. headquarters here speaks volumes about everything North Carolina has to offer to growing companies, both domestic and international.”
The company’s new location was induced, at least in part, by a performance-based grant from the One North Carolina Fund, according to the press release from McCrory.
“The One NC Fund provides financial assistance, through local governments, to attract business projects that will stimulate economic activity and create new jobs in the state.”
More information from McCrory:
Raleigh, N.C. – Governor Pat McCrory, N.C. Commerce Secretary John E. Skvarla III and the Economic Development Partnership of N.C. announced today that RAUMEDIC, Inc. will be locating its first U.S. production facility and headquarters in Henderson County and creating 138 new jobs over the next five years. The company plans to invest $26.3 million in the town of Mills River.
“North Carolina’s bio pharma industry continues to grow, and this announcement by RAUMEDIC is proof of that,” said Governor McCrory. “The decision to locate this U.S. headquarters here speaks volumes about everything North Carolina has to offer to growing companies, both domestic and international.”
Headquartered in Germany, RAUMEDIC manufactures polymer components for devices and its products are used in the medical and pharmaceutical industries. It has approximately 580 employees and is part of the REHAU group, a Polymer Specialist, employing 18,000 people worldwide.
“RAUMEDIC has been a successful international company for more than 50 years,” said Secretary Skvarla. “North Carolina is the perfect place for this company to strategically grow in the U.S.”
Salaries will vary by job but will include manufacturing and sales. The average annual salary will be $55,419; the average annual wage of Henderson County is $34,256.
“Our new US production and headquarters will combine the strength of American & German engineering to offer high-precision extrusion, molding and assembly of medical and pharmaceutical grade polymer materials. For us, Henderson County provides an experienced and skilled workforce and the ideal business environment for our investment,” said Martin Bayer, CEO of RAUMEDIC.
The project was made possible in part by a performance-based grant from the One North Carolina Fund of up to $500,000. The One NC Fund provides financial assistance, through local governments, to attract business projects that will stimulate economic activity and create new jobs in the state. Companies receive no money up front and must meet job creation and investment performance standards to qualify for reimbursements. OneNC also requires and are contingent upon local matches.
“I want to be one of the first to welcome RAUMEDIC to Henderson County,” said Senator Tom Apodaca. “This new facility and the jobs that will come with it will be a great addition to our community and our economy.”
“This is exciting news for Henderson County,” said Representative Chuck McGrady. “I am looking forward to RAUMEDIC being a part of our business community.”
In addition to the N.C. Department of Commerce and the Economic Development Partnership of N.C., other partners that helped with this project include: North Carolina Community College System, NCWorks, Duke Energy, Henderson County Partnership for Economic Development, the town of Mills River and Henderson County.
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