RALEIGH — Ontex Operations USA, part of Belgium’s Ontex Group NV, has downsized its investment in new operations in Rockingham County.
Originally announced in May, the publicly-held company had committed to investing $93.3 million in the manufacturing site, creating up to 403 new jobs by 2025.
That figure has now dropped to around $78.3 million and around 250-350 jobs. It comes after the company decided “to rethink its investment” after purchasing assets of Albaad in Reidsville in May.
As a result, the state’s Economic Incentive Committee today officially adjusted the Job Development Investment Grant (JDIG) value — from $3,080,000 to $3,001,000 over 12 years.
and that’s down slightly continuation. $80,000. That’s what revised terms of 12 years 50% of the helping. That’s a brief summary I’m happy to go into more detail on that should the committee. Have any questions.
Ontex is a leading international maker of high-quality consumer products for baby care, feminine care and adult care for retailers, healthcare providers and institutional customers across 110 countries.
Founded in 1979 and headquartered in Aalst-Erembodegem, Belgium, Ontex employs a worldwide workforce of 10,000. Its products are also sold in North America through its affiliate Valor Brands.
Ontex’s new facility in Rockingham County plans to employ production workers, maintenance personnel, logistics specialists, supervisors and other staff. New positions would offer yearly wages averaging $40,130 in total cash compensation, creating a $16.2 million annual payroll impact for the surrounding community. Rockingham County’s overall average annual wage is $35,146.
State payments occur only after verification by the departments of Commerce and Revenue that the company has met incremental job creation and investment targets.
