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Grupporeco Invests $28 Million In Plant In U.S.

Company officials said they are "excited to see the project restarting soon" after the forced hiatus and delays attributable to the COVID-19 pandemic. Its new U.S. subsidiary, RECO US Inc. will bring the company's manufacturing and product development activities closer to its customers in the United States. The project is expected to create 110 new jobs.
"The United States is a key market for our growth," Grupporeco President and CEO Vincenzo Locatelli said in a note.
The North Carolina government approved an incentive package amounting to $918,000 over 12 years, tied to the Italian company's investment and workforce goals.
Source: www.thomasnet.com

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