EuroWire November 2016

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News
Corporate
November 2016 10
Axjo America plans to invest $11.1 million and create 14 new
jobs at a new manufacturing facility in Conover, North Carolina,
USA, and consolidate two current facilities into the new location.
Axjo America plans to purchase an existing 143,268ft2 facility in
Conover and add new machinery and equipment that will allow
the company to grow in size and increase product offerings to
the cable industry.
Axjo America has outgrown its facility in Hickory and, after
exhausting a search for suitable buildings in Hickory and other
locations and states, it selected the Conover facility as the best
location for the expansion.
The company uses primarily recycled, environmentally friendly
materials and the latest injection moulding technology to
produce fibre-optic reels for spooling equipment.
The spools are low weight, UV-resistant and waterproof. Over the
next five years it plans on expanding into the large spool sizes,
adding new injection moulding machines each year.
“We are excited to become part of the Conover City community
and to grow our business in Catawba County,” said Dan
Shelander, managing director, Axjo America.
“We are pleased to welcome Axjo America as a corporate
partner,” said Conover’s mayor, Lee Moritz Jr. “Axjo is another
example of our city’s continued economic development strategy
whereby our existing industries continue to grow, the industrial
base is diversifying, and empty facilities are being filled.”
“We are happy to see Axjo America grow and we congratulate
them on establishing their new facility and creating jobs
that will provide more opportunities for our citizens,” said
Randy Isenhower, chairman of the Catawba County Board of
Commissioners. “The fibre optics and cable industry has been a
mainstay of our economy for many years, and Axjo’s success as a
supplier to that industry is a testament to the continued strength
of the sector in Catawba County.”
“We have been working with Dan Shelander, the managing
director of Axjo America for several months. When they
couldn’t find a suitable facility in Hickory, we worked diligently
with them to keep them in Catawba County,” said Julie Pruett,
director of business recruitment with Catawba County Economic
Development Corporation.
“It is exciting to see a company develop, evolve and thrive in
our community. Plastics manufacturing is a cluster industry in
Catawba County and one that we target for recruitment because
of the growth and diversification within the industry.”
Axjo America is a subsidiary of Axjo AB, a Swedish company in
business since 1945 and a leading supplier of plastic spools in
Europe.
Grants to encourage Axjo to expand were approved by the
Catawba County Board of Commissioners and the Conover City
Council.
Axjo America – USA Website:
$11 million investment and 14 new jobs