ARCHDALE — Axium Packaging LLC has announced that it plans to expand its worldwide fingerprint with a plant in Archdale.
Axium Packaging LLC is an Ohio-based specialized packaging manufacturing company using top of the line blow molding technologies. Axium currently owns more than 18 plants located in North American, Canada and Mexico.
The company is expanding into new territories to serve new customers, reduce supply chain cost and increase dependability.
Axium plans to invest $36 million, with $15 million in real property and $21 million in personal property, over a five-year period, creating 129 new jobs paying an average wage of $47,938.
It expects the Archdale facility to begin operations in Q1 2024.
The rapidly growing company invests in new technologically advanced packaging manufacturing processes, producing packing products for personal care, household chemical, OTC pharmaceutical and food markets.
The company’s investment and job creation qualifies it for state and local incentives. The City of Archdale and Randolph County both approved local incentives in the amount of $656,498 with Randolph County paying $440,613 and the city paying $215,885 over a five-year period.
Axium was also approved for state incentives to include a One NC Fund Grant in the amount of $365,000 over three years and North Carolina Community College System’s Customized Training Value of $180,000.
The company also qualified to receive the rider discount on power through Duke Energy.
The Economic Development Partnership of North Carolina assisted the company and the EDC throughout the project.
“I appreciate the support and the efforts of the Randolph County EDC and the Economic Development Partnership of North Carolina in helping us with the site selection process and identifying the right location for Axium and also coordinating with different departments to expedite the process of state and local grant approvals,” said Ven Bhindwallam, CFO. “We are excited to be in North Carolina and have the opportunity to contribute to the economic development for the City of Archdale and Randolph County.”
Axium began its search back in 2022 which focused on a number of states. Through a rigorous vetting process, the company began to narrow their options down with North Carolina being a strong contender.
The Randolph County EDC proposed to the company a 35-acre site at 907 Eden Terrace in Archdale that, through the collaborative efforts between Samet Corporation, Randolph County, City of Archdale and the EDC, shared the cost of having the environmental and engineer services complete, providing an exceptionally good option for the company to consider.
“The Eden Terrace Site is a perfect fit for Axium,” said Crystal Gettys, Business Recruitment Director for the Randolph County Economic Development Corporation, “and a great example of how a prepared site can be more marketable and attractive to a company who is ready to move forward once they have found right site.”
Other partners involved in making this an attractive site include the City of Archdale, Duke Energy and Piedmont Natural Gas for providing all the necessary utilities needed to attract an end user.
“Economic development projects don’t come along every day, though with our successes in Randolph County lately, they are coming much more often,” said Bob Crumley, Chairman of the Randolph County EDC. “The citizens of our county have our local governments and our EDC to thank for bringing high quality companies and jobs to our county.”