Lincolnton, N.C.-based engineered nonwovens producer Tenowo Inc., a Germany-based Hoftex Group AG business, has announced plans to expand its facility in Indian Creek Industrial Park for the fourth time since 2009. The $12.5 million expansion will add 70,000 square feet and includes a new production line, with three additional lines planned in the near future. In addition, the company will transfer Tenowo’s Multiknit technology to the United States from Germany, giving the plant a unique manufacturing technology, according to the company. Multiknit products may be used in place of conventional foam products in automotive applications.
“This technology provides Tenowo Inc. with a unique value-added product to offer to the automotive market and allows the company to diversify our portfolio in North America,” said Chris Peart, president and CEO, Tenowo. “We are excited to be able to deliver this new technology to our customers while adding jobs in Lincolnton and contributing to the local economy. The support that we received from the Lincoln Economic Development Association (LEDA), Lincoln County and the state of North Carolina was critical to moving forward.”
“This location has been very successful for our company over the last several years, and we view it as a key location for strategic growth,” said Dr. Harald Stini, global managing director, Tenowo.
July/August 2016
