ECONOMIC DEVELOPMENT

VECOPLAN SELECTS HIGH POINT FOR U.S. HEADQUARTERS

High Point Economic Development announced on April 26 that Vecoplan selected 501 Gallimore Dairy Road in High Point for its U.S. headquarters location and manufacturing facility.

Vecoplan is a leading international company that manufactures and distributes industrial grinding equipment servicing the plastics, paper, wood and waste industries. The custom grinding systems, durable mobile shred trucks and advanced industrial shredders have made Vecoplan a global leader in the converting, recycling, scrap and repurposing markets.

The project will include a $10,950,000 investment and the creation of 51 new full-time jobs over a five-year period. The new positions will include professional positions and production employees with an average annual compensation package of $85,490. Guilford County’s current overall average annual wage is $57,190.

“We applaud Vecoplan’s decision to grow in High Point,” said Sandy Dunbeck, director of High Point Economic Development Corporation and this year’s director for the Guilford County Economic Development Alliance. “Seeing Vecoplan growing in High Point continues to validate the great assets we have in the City of High Point, Guilford County, the Carolina Core and the state of North Carolina for the advanced manufacturing sector.”