A report from North Carolina, USA, says that CCL Label plans to move from its leased building in Charlotte into a building that it will own. According to the Charlotte Business Journal, the label converter is looking at new sites in several locations, including South Carolina.
While CCL has offered no public comment on its plans, the report says that the city of Charlotte and Mecklenberg County are offering close to $600,000 in incentive grants to keep the company in or around Charlotte. CCL Label, an international operation with headquarters in Canada, currently has 135 employees in a leased plant in Charlotte.
According to the Journal, CCL wants to buy its own building where it will invest up to $20 million in an expansion that will add 10 jobs. A $20 million investment by CCL, the city estimates, could result in a total direct economic impact of $997,000 per year to the Charlotte economy.
Meanwhile, in the US city of Memphis, TN, CCL is demolishing its former downtown plant a 74,000 square foot building on three parcels of land. The company says that security and utilities costs at the site prompted the demolition.
“With the general market, there is no reason to sit on the building and pay those expenses,” CCL general manager Guy Kiraly says. CCL Label moved into an $18 million, 120,000 square foot facility in a Memphis business park last year.