North Carolina Railroad Company

NCRR Injects $250K in Technimark Plant

Technimark, a global plastic injection molding company headquartered in Randolph County, N.C., has received a $250,000 grant from NCRR Invests, the North Carolina Railroad Company’s (NCRR) economic development arm, to help expand its manufacturing facilities.

Nucor’s new micro mill will produce rebar, which is used primarily in concrete reinforcement for the construction of roads, buildings, bridges and other structures. The manufacturer’s steel bar products are said to contain 97% recycled content. Photo Credit: Nucor

For Nucor, New N.C. Micro Mill

Industrial steel manufacturer Nucor Corporation plans to build a $350 million rebar micro mill in Lexington, N.C., to be served by Winston-Salem Southbound Railway, which is jointly owned by Norfolk Southern (NS) and CSX.

“We are excited to announce that the new home of our first electric vehicle and battery manufacturing site in North America will be in Chatham County, North Carolina! The project is expected to bring thousands of jobs and eventually produce more than 250,000 vehicles per year,” VinFast reported via Twitter on March 29.

VinFast: $4B EV Plant Coming to North Carolina

Vietnam-based VinFast in July 2024 will open its first North American electric vehicle (EV) assembly and battery manufacturing facility, valued at $4 billion, in Chatham County, N.C. North Carolina Railroad Company (NCRR) reported on March 29 that it will provide approximately $1 million to help construct an auto ramp, part of the rail infrastructure needed for CSX or Norfolk Southern (NS) to serve the site.

Service Offsite Solutions expects to employ 235 people at its new manufacturing, warehouse and distribution plant in Sanford, N.C., which will make modular floors, walls and roofs for off-site home construction.

NCRR Investing in New Rail-Served Site

The North Carolina Railroad Company (NCRR) will invest $300,000 to help build rail infrastructure for Service Offsite Solutions’ new $11.8 million manufacturing facility in Sanford, N.C.; the company will be served by Atlantic and Western Railway (ATW).

The Sherwin-Williams expansion project includes a 36,000-square-foot extension of its existing 200,000-square-foot manufacturing facility in Statesville, N.C.; four new rail spurs to be used by NS; and a new 800,000-square-foot distribution and fleet transportation center.

For Sherwin-Williams, $300MM N.C. Facility Expansion

The Sherwin-Williams Company will invest a minimum of $300 million to expand its architectural paint and coatings manufacturing facility and establish a larger distribution center in Statesville, N.C.; Norfolk Southern serves the location.

Justin Vonashek, Senior Vice President-Operations of MTA Metro-North Railroad (left); and Attorney Scott Saylor, member of the Corporate and Economic Development Team at Nexsen Pruet.
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High Profile: MTA Metro-North SVP Ops; Nexsen Pruet Legal Counsel

New York MTA’s Metro-North Railroad has promoted Justin Vonashek to Senior Vice President-Operations, succeeding John Kesich, who has held the position since 2013 and will retire in April. Nexsen Pruet, a North Carolina-based economic development group, has hired attorney Scott Saylor.