Prysmian Group, a global cable producer serving the energy and telecom industries, is expanding its manufacturing facility in Claremont, North Carolina. The company’s $20 million investment is expected to create 50 new jobs over the next three years, with an average wage of approximately $47,000. These new jobs will be a mix of hourly production workers, hourly technicians and salaried managers/engineers.
Prysmian’s expansion in Catawba County is facilitated in part by a $500,000 grant to the City of Claremont from the Building Reuse Program, under the Rural Development Division of the North Carolina Department of Commerce. This grant will aid Prysmian in undertaking a significant renovation at their existing facility. Local incentives will be based on job creation and an investment performance standard and will be considered in a public session by local governing boards.