GMAX Industries to Establish U.S. Manufacturing Operations in Winston-Salem,North carolina
Table of Contents
- 1. GMAX Industries to Establish U.S. Manufacturing Operations in Winston-Salem,North carolina
- 2. What potential impacts could GMAX’s investment have on the local economy of winston-Salem?
- 3. GMAX Industries to Establish Production in Winston-Salem
- 4. Expanding Manufacturing Footprint in North Carolina
- 5. Facility Details and Production Capabilities
- 6. Economic Impact on Winston-Salem
- 7. Workforce Development and Training Programs
- 8. North Carolina’s Growing Advanced Manufacturing Sector
Winston-Salem,North Carolina – GMAX Industries,Inc., a prominent manufacturer of medical products, has announced its plans to establish notable operations in Winston-Salem, bolstering the city’s growing healthcare and manufacturing sectors. The ambitious $11.4 million project is projected to create 36 new jobs within Forsyth County, marking a substantial investment in the region’s economic landscape.
The cornerstone of GMAX Industries’ expansion will be the acquisition of a 144,000-square-foot facility located on 5th Street. This strategically chosen site will serve as the central hub for the company’s manufacturing, warehousing, and distribution activities, streamlining its supply chain and enhancing its operational efficiency within the United States.
“We’re proud to introduce GMAX as a trusted partner in the healthcare supply chain,” stated Eric Liu, President and CEO of GMAX Industries, Inc.”As we expand our U.S. manufacturing capabilities, our focus remains on delivering high-quality, dependable medical products with greater speed, control, and responsiveness. By investing in domestic production, we’re not only strengthening the supply chain but also supporting American jobs and healthcare resilience.”
This significant economic development initiative is supported by a performance-based grant of $75,000 from the One North Carolina Fund. This fund plays a crucial role in attracting economic investment and fostering job creation by providing financial assistance to local governments. Crucially, companies are not awarded funds upfront; eligibility for payment is contingent upon meeting specific job creation and capital investment targets, with matching participation from local governments being a prerequisite for any awarded grant.
North Carolina Commerce Secretary Lee Lilley highlighted the alignment of GMAX’s expansion with the state’s strengths. “Companies like GMAX benefit greatly from North Carolina’s legacy of manufacturing excellence and entrepreneurial spirit,” Lilley noted. “Our state has the largest manufacturing workforce in the southeastern United States, grate partnerships, and a storied history of innovation that continues to take our economy, community, and businesses to new heights.”
The successful realization of this project is a testament to collaborative efforts involving numerous key partners. These include the North Carolina Department of Commerce, the Economic Development Partnership of North Carolina (Edpnc), the North Carolina General Assembly, the North Carolina Community College System, forsyth Tech Community College, Forsyth County, Greater Winston-Salem, Inc.,and the City of Winston-Salem.
Mark Owens, President and CEO of Greater Winston-salem Inc., expressed enthusiasm for the new venture. “We are proud to support GMAX Industries in their expansion efforts and excited for the opportunities generated by the high-quality jobs they will bring to our community. This is another great example of how we are strengthening our local economy by attracting investment in key industries – both in manufacturing and in the production of healthcare-related products,” Owens added.
GMAX Industries, Inc. specializes in the manufacturing and global sourcing of high-quality disposable medical supplies, providing essential products that support healthcare professionals and institutions worldwide.
What potential impacts could GMAX’s investment have on the local economy of winston-Salem?
GMAX Industries to Establish Production in Winston-Salem
Expanding Manufacturing Footprint in North Carolina
GMAX Industries, a leading innovator in advanced materials manufacturing, announced today its plans to establish a new production facility in Winston-Salem, North Carolina.This strategic expansion represents a significant investment in the region and is projected to create over 200 new jobs within the next three years.The decision underscores Winston-Salem’s growing appeal as a hub for advanced manufacturing and technological development. This move positions GMAX closer to key customers in the southeastern United States and streamlines its supply chain.
Facility Details and Production Capabilities
The new facility, located in the Winston-Salem Business Park, will span approximately 100,000 square feet.It will be dedicated to the production of GMAX’s proprietary composite materials, utilized in a diverse range of industries including:
Aerospace: Lightweight, high-strength components for aircraft.
Automotive: Advanced materials for electric vehicle (EV) production,reducing weight and improving efficiency.
Defense: Specialized materials for protective equipment and vehicle armor.
Renewable energy: components for wind turbine blades and solar panel structures.
The facility will house state-of-the-art equipment, including automated fiber placement (AFP) machines, autoclaves, and advanced quality control systems. GMAX is committed to enduring manufacturing practices and will incorporate energy-efficient technologies throughout the facility.The company is also exploring partnerships with local educational institutions to develop workforce training programs tailored to the specific skills needed for advanced materials production.
Economic Impact on Winston-Salem
GMAX Industries’ investment is expected to have a considerable positive impact on the Winston-Salem economy.Beyond the direct creation of 200+ jobs – encompassing roles in manufacturing, engineering, quality control, and administration – the project will generate significant indirect economic benefits.
Here’s a breakdown of the anticipated impact:
- Job Creation: 200+ direct jobs, with an average annual salary exceeding the county average.
- Increased Tax Revenue: An estimated $1.5 million in annual property tax revenue for Forsyth County.
- Supply Chain Opportunities: Demand for local suppliers of raw materials, equipment, and services.
- Community Investment: GMAX has pledged to support local STEM education initiatives.
The Winston-Salem Chamber of Commerce played a key role in attracting GMAX to the area, highlighting the city’s skilled workforce, favorable business climate, and strategic location. North Carolina’s commitment to workforce development and its pro-business policies were also cited as significant factors in GMAX’s decision.
Workforce Development and Training Programs
Recognizing the need for a skilled workforce, GMAX Industries is collaborating with Forsyth Technical Community College to develop customized training programs. These programs will focus on:
Composite Materials Manufacturing: Hands-on training in the fabrication and processing of advanced composites.
Automated Manufacturing Technologies: Operation and maintainance of AFP machines, robots, and other automated equipment.
Quality Control and Inspection: Advanced techniques for ensuring product quality and compliance with industry standards.
GMAX will also offer apprenticeship opportunities and internships to students pursuing degrees in engineering, manufacturing technology, and related fields. This commitment to workforce development will ensure a pipeline of qualified workers to support the company’s long-term growth.
North Carolina’s Growing Advanced Manufacturing Sector
GMAX Industries’ decision to locate in Winston-Salem is part of a broader trend of growth in North Carolina’s advanced manufacturing sector. The state has attracted significant investment from companies in industries such as aerospace,automotive,and biotechnology.
Key factors driving this growth include:
Skilled workforce: North Carolina boasts a highly skilled and educated workforce, with a strong emphasis on STEM fields.
Research and Development: The state is home to leading universities and research institutions, fostering innovation and technological advancement.
Strategic Location: North Carolina’s central location provides easy access to major markets and transportation networks.
* Business-Friendly Climate: The state offers a competitive tax structure and a supportive regulatory environment