December 12, 2014- The Gaston County Economic Development Commission is pleased to announce that Tosaf USA will purchase approximately 18 acres from Gaston County in the Southridge Business Park in Bessemer City.The company plans to construct a compounding and master batching production center to serve the US market. The facility will house these functions to serve the plastic molders and processors. The initial investment will be $13.1 million. The company expects to employ up to 75 persons.
The parent company of Tosaf USA, Tosaf Compounds Ltd., is based in Israel and specializes in the manufacturing and marketing of advanced polymers and compounds. The company?s products are used by plastic molders and processors serving a wide range of industries including automotive, medical, electrical and packaging. ?We are excited about the Bessemer City plant being the first location in the US market and establishing operations in North Carolina,? said Amos Megides, Chairman of the Board of Tosaf Compounds, Ltd. ?I personally appreciate the State and local assistance with our search for the best location for this facility. I appreciate the kind remarks from the State Representatives and Senators and hope that they will continue to support Tosaf USA as we apply for the various State programs outlined by NC Commerce.?
Mr. Tracey Philbeck, Chairman of the Gaston County Board of Commissioners said; ?We are excited to welcome Tosaf USA to Gaston County for their newest production facility. This is great news for our community and especially for Bessemer City. We are extremely happy to have another international company in to locate in our County.? He further stated, ?Tosaf USA will fit very nicely into Gaston County?s growing international corporate community. The recruitment of global companies was a key reason for the County?s extension of the road, water and sewer in the Southridge Business Park. We knew that if we were to compete for quality projects, Gaston County had to provide the proper physical attributes for business. We look forward to the next step of this project in working with the State and Norfolk Southern Railroad to bring the rail spur onto the site.? Chairman Philbeck added, ?Gaston County constantly strives to provide an outstanding business environment for all of our corporate citizens. Gaston County will continue to provide service ?after the sale? for Tosaf USA through our EDC?s Existing Industry Program. This program has assisted many of our community?s corporate citizens with their expansions.?
?It is always a great day when we have a new company locating in Bessemer City! I am especially glad that the Southridge Business Park was chosen for the Tosaf USA?s newest facility? said Bessemer City Mayor Becky Smith. Adding, ?On behalf of my fellow members of City Council, I want to officially welcome Tosaf USA to the City with A Heart ? -Bessemer City. This is the culmination of many hours work on the part of many folks. The City consistently works with the County to provide a high level of service to attract these types of quality companies. Our staff will continue to provide service beyond the first day of operation.? Mayor Smith added, ?Bessemer City understands the meaning of a life-long partnership with industry and our staff strives to provide the best service to all of our customers. We appreciate Tosaf USA choosing Bessemer City for their newest manufacturing operation and want to make certain that their experience with our City is a positive one.?
Mr. Fred Jackson, Chairman of the Gaston County Economic Development Commission, stated, “As Chairman of the Gaston County Economic Development Commission, I want to extend our sincere thanks and appreciation to Tosaf USA for locating their newest facility in Bessemer City. We welcome them to our community and appreciate their investment to create jobs in Gaston County. Additionally, I would like to thank the County Commissioners, the Bessemer City Council and the board and staff of the Economic Development Commission for their diligent work to make this happen.”
?In working with site-location consultants it is important to establish a long-term relationship. This is particularly true with international firms as trust must be gained. Gaston County?s participation in an international marketing mission to Europe and Israel conducted by the Charlotte Regional Partnership helped strengthen our region?s and Gaston County?s relationship with Mr. Kobi Rasner, President of Synergy Overseas Ltd. Under Mr. Rasner?s guidance there is a new international firm which is now in our region. We welcome Tosaf USA to the Charlotte region and congratulate Gaston County on a job well done,? stated Mr. Ronnie Bryant, President and CEO of the Charlotte Regional Partnership.
The Gaston County Economic Development Commission would like to thank our partners in this successful industry location of Tosaf USA ? the Gaston County Board of Commissioners, the Bessemer City Council, the Economic Development Partnership of North Carolina, Synergy Overseas Ltd., the Polymers Center of Excellence, Charlotte Research Institute at UNCC, Kiser Harriss Chemical Distribution Centers, Norfolk Southern Railroad, Duke Energy, the Samet Corporation, Gaston Regional Chamber?s EDD and Gaston College.
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