{"id":1004202326,"date":"2018-01-04T07:11:44","date_gmt":"2018-01-04T15:11:44","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004202326"},"modified":"2022-12-08T14:47:22","modified_gmt":"2022-12-08T22:47:22","slug":"penn-compression-expands-raleigh-area-footprint","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/penn-compression-expands-raleigh-area-footprint\/","title":{"rendered":"Penn Compression Expands Raleigh-Area Footprint"},"content":{"rendered":"<p>By Laura Calugar<\/p>\n<div id=\"attachment_1004202328\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/smithfield.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004202328\" data-attachment-id=\"1004202328\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/penn-compression-expands-raleigh-area-footprint\/smithfield-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/smithfield.jpg\" data-orig-size=\"850,637\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Laura Calugar&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1515079508&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"smithfield\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/smithfield.jpg?w=850\" class=\"wp-image-1004202328 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/smithfield.jpg\" alt=\"Penn Compression Molding's facility in Smithfield, N.C.  \" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/smithfield.jpg 850w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/smithfield.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/smithfield.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004202328\" class=\"wp-caption-text\">Penn Compression Molding&#8217;s facility in Smithfield, N.C.<\/p><\/div>\n<p>Penn Compression Molding Inc., a national manufacturer of custom molding thermoset composites,\u00a0will add another 30,000 square feet of production space to\u00a0the company&#8217;s plant in Smithfield, N.C. The firm&#8217;s $3 million expansion will result in the addition of 40 new jobs for Johnston County.<\/p>\n<p>Located at 309 Components Drive, the facility is just off Interstate 95 and provides easy access to Raleigh. Founded in 1969, Penn Compression Molding has top global customers such as GE, Black &amp; Decker, Eaton, ABB and Siemens. The company operates facilities in Smithfield and Irwin, Pa., near Pittsburgh, employing a total workforce of 120.<\/p>\n<p><em>&#8220;We are very appreciative of the support and partnership between our company, Johnston County and the town of Smithfield. This partnership is what attracted us to this area in 1978 and we are committed in seeing this growth continue into the future,&#8221;<\/em> said Penn Compression President &amp; CEO Daniel Leslie, in a prepared statement.<\/p>\n<p>The Raleigh-Durham area continues to appeal to investors. Last year, Strategic Capital announced plans to invest $60 million in Patriot Park, an <a href=\"https:\/\/www.commercialsearch.com\/news\/strategic-partners-to-develop-60m-industrial-park\/\">industrial business park<\/a> that will eventually\u00a0total nearly one million square feet of commercial space.<\/p>\n<p><em>Image via Google Street View <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The manufacturer intends to invest $3 million in expanding the company\u2019s Smithfield, N.C., operations by 30,000 square feet of space.    <\/p>\n","protected":false},"author":238,"featured_media":1004202328,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,21783,21742,1604],"tags":[38748,38747,36515,33289],"class_list":["post-1004202326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-investment","category-latest","category-raleigh-durham","tag-eaton-corporation","tag-penn-compression-molding-incorporated","tag-siemens","tag-strategic-capital"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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