Agenda - 10-15-1996 - 7a - Laserfiche WebLink

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i 5 mebane packaging corporation MEBANE INDUSTRIAL PARK . P.O.BOX 408 . MEBANE,NC 27302 . 919563-3516 . TELEFAX 919 563-9664 . TELEX 323073 Mebane Packaging is considering an expansion of its North Carolina manufactur- ing facility in order to respond to increased volume capacity considerations. Mebane has only two feasible alternatives in order to respond to market pressures in a timely fashion. The alternatives are 1) expansion-of its North Carolina facility or 2) acquisition of another folding. carton company in a different geographical location. The expansion of the.North Carolina facility would be comprised of additional square footage for the manufacturing facility and additional production machinery. The following list describes the major components of the project and gives an approximation of their costs. Additional Building $ 900,000 (60,000 sq. feet @ $15/sq. foot) Printing Press 3,600,000 Gluer 250,000 Shredder & Balers 400,000 Intangibles 200,000 Closing Costs 100,000 Total Requested $ 5,450,000 The next item to be addressed is that of the employment profile. Mebane Packaging currently has 253 full-time North Carolina employees. Our projec- tious indicate that approximately forty-six jobs would be added as a result of the expansion. The majority of these jobs would be manufacturing positions, with only five or six administrative positions being created. The chart below illustrates how Mebane .Packaging's wages compare with the latest Orange County figures as obtained from Harold Wall, industrial developer with the North Carolina Department of Commerce in Raleigh.