It's official: Graham is Indulor's first U.S. operation - Department of ...
It's official: Graham is Indulor's first U.S. operation - Department of ...
It's official: Graham is Indulor's first U.S. operation - Department of ...
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It’s <strong><strong>of</strong>ficial</strong>: <strong>Graham</strong> <strong>is</strong> Indulor’s <strong>first</strong> U.S. <strong>operation</strong><br />
http://www.thetimesnews.com/common/printer/view.php?db=burlington&id=27489<br />
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It’s <strong><strong>of</strong>ficial</strong>: <strong>Graham</strong> <strong>is</strong> Indulor’s <strong>first</strong> U.S. <strong>operation</strong><br />
Robert Boyer / Times-News<br />
2009-08-19 18:20:20<br />
GRAHAM — From the greetings to the Beck’s beer, the <strong><strong>of</strong>ficial</strong> welcome for polymer-maker<br />
Indulor had a d<strong>is</strong>tinctly German flavor.<br />
On Wednesday afternoon, a crowd <strong>of</strong> about 50 civic, government and business leaders<br />
gathered at the former Southeastern Chemical Co. building at 932 E. Elm St. to welcome the<br />
German polymer-maker to the city.<br />
“Guten Tag! For those who don’t know German, for those who do know German, may not<br />
recognize ‘good afternoon’ in a southern accent,” said Dr. David Johnson, the chairman <strong>of</strong> the<br />
board for the Alamance County Area Chamber <strong>of</strong> Commerce.<br />
Chamber <strong><strong>of</strong>ficial</strong>s realized that Indulor “had other opportunities, location, options for your<br />
facility,” Johnson said. “And we’re pleased that you have chosen th<strong>is</strong> facility in <strong>Graham</strong> as<br />
your <strong>first</strong> location in the United States, and as a chamber, we’re pleased that we made th<strong>is</strong><br />
today part <strong>of</strong> the reality.”<br />
Indulor bought the building Monday and plans to open its <strong>first</strong> U.S. <strong>operation</strong> under the<br />
banner <strong>of</strong> Indulor America. The move comes after the <strong>Graham</strong> City Council and Alamance<br />
County Board <strong>of</strong> Comm<strong>is</strong>sioners each pledged $50,000 in incentives, or $100,000 total.<br />
Each government <strong>is</strong> giving Indulor $30,000 to help it acquire, renovate and install equipment<br />
in the roughly 25,000-square-foot building, provided the company makes an approximately<br />
$5 million capital investment by the end <strong>of</strong> 2011, and pays its property taxes through the end<br />
<strong>of</strong> 2011. (The company’s property tax bill would be about $20,000 a year when the plant <strong>is</strong> up<br />
and running, <strong>Graham</strong> <strong><strong>of</strong>ficial</strong>s have estimated.)<br />
The company will receive another $40,000 ($20,000 from each government) if it creates 20<br />
jobs by the end <strong>of</strong> 2013.<br />
The jobs are expected to pay an average salary <strong>of</strong> $740 a week, or $38,480 a year.<br />
Johnson called economic development a “team sport” and thanked <strong><strong>of</strong>ficial</strong>s from <strong>Graham</strong>, the<br />
county and the state Commerce <strong>Department</strong>, Duke Energy, the N.C. Railroad, Southeastern<br />
Chemical and John Leath, the CEO <strong>of</strong> Acucote, a neighboring business, for their help in<br />
bringing Indulor to <strong>Graham</strong>.<br />
County Comm<strong>is</strong>sioner Chairwoman Linda Massey encouraged Indulor <strong><strong>of</strong>ficial</strong>s to call on her<br />
if they need help. “We welcome you here and don’t let anybody tell you any different,” she<br />
said. “And, if any <strong>of</strong> us can be <strong>of</strong> any help, just call one <strong>of</strong> the other comm<strong>is</strong>sioners,” she<br />
joked.<br />
Sebastian Fengler, the son <strong>of</strong> Indulor founder Erwin Fengler thanked “everyone who has<br />
helped us get set up in th<strong>is</strong> facility.”
It’s <strong><strong>of</strong>ficial</strong>: <strong>Graham</strong> <strong>is</strong> Indulor’s <strong>first</strong> U.S. <strong>operation</strong><br />
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Fengler has said the company will open a d<strong>is</strong>tribution hub at its new <strong>Graham</strong> digs within<br />
several weeks, and eventually will set up a manufacturing <strong>operation</strong>.<br />
After the ribbon-cutting at the new Indulor site, company <strong><strong>of</strong>ficial</strong>s hosted a reception at the<br />
Captain White House on South Main Street in <strong>Graham</strong>.<br />
<strong>Graham</strong> Mayor Jerry Peterman and chamber President Mac Williams said Indulor’s arrival in<br />
<strong>Graham</strong> will help draw more businesses to the county. “That’s the important thing, getting<br />
them in the county where they can help us all,” Peterman said.<br />
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