August 23, 2017
North Carolina Railroad Company Invests in Freight Rail Infrastructure to Serve Fibertex Personal Care
The North Carolina Railroad Company (NCRR) is one of several partners named in the recent announcement that Fibertex Personal Care, a Danish manufacturer and printer of nonwoven hygiene products, will be locating in Randolph County North Carolina. Fibertex Personal Care will invest $60 million in North Carolina and create 145 jobs.
Fibertex will construct a manufacturing facility at an established industrial site on Pineview Road in Asheboro. Through the North Carolina Railroad Company’s economic development initiative, NCRR Invests, NCRR is investing approximately $420,000 to assist with the construction of a new spur track to connect Fibertex to an adjacent Norfolk Southern line, which joins the North Carolina Railroad in High Point.
“The availability of freight rail infrastructure and service plays an important role as business and industry consider expanding or locating in North Carolina,” said Scott Saylor, president of the North Carolina Railroad Company. “Through NCRR Invests, we work with our economic development partners to increase North Carolina’s competitive advantage in recruiting rail-served businesses to the state. The North Carolina Railroad Company has a long history in economic development and we are proud to partner in this exciting announcement of 145 new jobs in Randolph County.”
About the North Carolina Railroad Company
The North Carolina Railroad Company is a private corporation whose stock is owned by the State of North Carolina. The Company manages the use of 317 miles of track stretching from Charlotte to the Port of Morehead City. The Company’s mission is to put the North Carolina Railroad Company to work for the good of the people of North Carolina and improve our state by expanding freight rail opportunities to grow business, enabling rail to move people and investing in North Carolina.
About NCRR Invests
NCRR Invests provides assistance to companies that take advantage of the state’s freight rail opportunities and create jobs by locating or expanding their business in North Carolina. The goal of any NCRR investment is to drive job creation and economic growth.