A textile manufacturer based in Kernersville is planning an expansion in Winston-Salem.
Tex-Tech Industries will invest over $24 million to build its new manufacturing center in the city with a goal of creating nearly 60 jobs over five years.
According to a news release from Greater Winston-Salem, a 170,000-square-foot facility will be located on Old Lexington Road in the city’s Southeast ward.
Most of the jobs created will be in advanced manufacturing operations with an average wage of $64,000.
Tex-Tech develops and manufactures specialty textiles and textile coatings primarily for the aerospace, automotive, and medical industries.
Governor Roy Cooper released a statement praising the expansion for building upon “the company’s success in Forsyth County for 60 years.”
The expansion is expected to generate almost $42 million in investment.
The project includes incentives from the state, the City of Winston-Salem, and Forsyth County.