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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 />

Page 1 <strong>of</strong> 2<br />

8/20/2009<br />

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 />

http://www.thetimesnews.com/common/printer/view.php?db=burlington&id=27489<br />

Page 2 <strong>of</strong> 2<br />

8/20/2009<br />

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 />

To comment on th<strong>is</strong> or any Times-News story online, go to TheTimesNews.com, find<br />

the story, go to the bottom and follow the directions

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