World Cat said it is investing $8.879 million to expand its North Carolina operations with a new facility in Greenville that will add 60 jobs.
The company said the additional 230,000 square feet of manufacturing space will position it for long-term growth in the “fastest-growing segment of the recreational market.”
“Despite uncertain economic conditions globally, North Carolina continues to prove itself as the smart choice for growing companies,” state commerce secretary Anthony Copeland said in a statement. “Boatbuilding is one of our earliest industries, and today’s expansion by World Cat highlights our capacity to support the success of 21st century global businesses in every region of the state.”
World Cat, which operates under the umbrella of HC Composites LLC, has been headquartered in Tarboro, N.C., since 2002; the company employs 180 people at that facility.
“We have a wonderful team in Tarboro and are excited to extend our culture and philosophy to our new facility in Greenville,” said Vann Knight, vice president of operations for World Cat.
The new positions in Greenville will have average annual salaries of $41,085, creating a payroll impact for the community of nearly $2.5 million a year.