Kayser-Roth begins first part of $28M Triad expansion
February 25, 2014
Greensboro-based sock and hosiery manufacturer Kayser-Roth Corp. has begun an expansion of its facility in Asheboro as part of a two-pronged project announced last year that is expected to add a total of 100 new jobs in the Triad.
The project represents a $28 million investment across Kayser-Roth's operations in both Asheboro and Burlington to support production of the company's signature No nonsense legwear brand.
Kayser-Roth officials could not be reached for this story. But Trevor Nuttall, community development director for Asheboro, said the city issued building permits to Landmark Builders of the Triad in mid-January for the first phase of Kayser-Roth's $10 million Asheboro plant expansion, which entails adding 50 jobs.
That first phase involves constructing a new parking area and relocating loading dock doors from the eastern portion of the company’s 145,000-square-foot plant located at 515 W. Balfour Ave. to the northeastern portion.
The completion of the first phase will enable the company to begin the second phase, which involves adding 64,000 square feet to the company’s plant, Nuttall said.
Nuttall said he expects most of the work on the Asheboro plant, where 300 employees presently work, to be completed by late summer.
Kayser-Roth also plans an $18 million expansion of its Burlington operation that would create 50 new jobs.
Daniel Shoffner, a planner with the city of Burlington, said Kayser-Roth has not submitted plans for that expansion. That plant was also expanded by 134,000 square feet in 2012.
The company decided to make its most recent expansion after being awarded incentives. Alamance County signed off on providing $360,000 to be paid over five years for the Burlington expansion and the city also kicked in an additional $360,000 for the deal.
Kayser-Roth also was awarded a total of $150,000 worth of incentives by Randolph County commissioners and the Asheboro City Council to expand there.
Source:Triad Business Journal Triad Business Journal