Paumac Tubing announced Wednesday it will invest $3 million over the next three years to open a new factory in Statesville, which will create 75 full-time jobs. The Marysville, Mich.-based company expects to have the plant in full production in the spring.
“We are very excited to be opening our second plant in North Carolina.
Statesville is ideally located central to our customer base and has an excellent trained workforce,” President Norm MacDonald said in a press release.
“We have been very impressed with the warm reception we have received from local professionals and officials as well as the Statesville community in general.”
Paumac makes steel, stainless steel and aluminum tubing and does tube bending, end forming, cutting, welding and assembly. Norm and Deb MacDonald formed Paumac in November 2004. The name is a portmanteau in memory of their son, Paul MacDonald.
The factory will fill the vacant facility at 2718 Salisbury Highway, between Carolina Tractor and Statesville Business Park. The 40-acre location, which formally held Ritchie Bros. Auctioneers, includes an existing building, which Paumac will renovate and expand to 75,000 square feet.
Mike Smith, executive director of Statesville Regional Development, said his department began working with Paumac in March when they were contacted by Doug Smith, a Statesville native with 25 years of experience in the tubing industry who will run the new plant.
“This adds to metal working being a significant industry cluster here in our area,” Smith said.
“Other similar metal-working operations want to come here because we have the metal-working workforce and the management and production-level folks who know what those types of operations need.”
Paumac received grant money to renovate the vacant building, instead of constructing a new one, from the N.C. Rural Economic Development Center, under the Building Reuse and Restoration Grants Program.
“It’s a way to try to reuse industrial space because, in our state, we don’t want a bunch of vacant buildings that nobody can use,” Smith said.
“This program is very helpful to try to help companies, like Paumac, go into a vacant building and reconfigure it for their needs.”