India-based company to build its first U.S. plant

June 23, 2008 · Filed Under Reliance Industries 
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Reliance Industries USA, an India-based company, plans to open its first North American plant in Kinston, N.C., and create more than 200 jobs in the area over the next five years.

Reliance said Friday it plans to invest $215 million in a plant where 204 people will eventually be employed. The company makes resin used in the manufacture of plastic containers and specialty polyester yarns.

State Department of Commerce spokesman Charles Winkler said the company could get as much $2.2 million in benefits if it meets all the requirements in its state contract. Those requirements include creating the jobs within five years and maintaining them for nine years, beginning in 2009.

Gov. Michael Easley said the average annual wage will be $46,500, not including benefits. The yearly average wage in Kinston’s Lenoir County is $27,040.

Source:  usatoday.com

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