Sumitomo Forestry America, Inc., a comprehensive housing and wood products company will establish a manufacturing facility and invest $19.5 million in Archdale and create 129 jobs.
Sumitomo Forestry America is a wholly owned subsidiary of Sumitomo Forestry Co., Ltd., a Nikkei-listed forestry company headquartered in Tokyo. Sumitomo Forestry has accumulated technologies and expertise related to wood and wood products over its many years in business, and one of the company’s major lines of business is housing and construction. The company’s project in North Carolina will establish a component manufacturing and distribution facility to produce building materials, such as roof trusses, floor trusses, and wall panels used in residential housing and wooden commercial and multi-family buildings.
“We look forward to partnering with North Carolina on the development of this facility, which will not only help builders and developers with supply chain needs but will also contribute to the local economy and community,” said Atsushi Iwasaki, President of Sumitomo Forestry America, Inc. “Randolph County, North Carolina offers the ideal conditions for our investment, including infrastructure, a skilled workforce, and a favorable business climate. We greatly appreciate the community’s warm welcome and will continue to share updates as the project progresses.”
Although wages for the new jobs will vary depending on position, the average salary will be $45,782, which is above the current average wage in Randolph County of $40,552. The state and local area will enjoy an additional impact of more than $5.9 million each year from the new payroll.
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