Aug. 20. Continental Structural Plastics, a leading manufacturer of automotive and heavy truck composite components, will spend $45 million to expand its operations in North Carolina, adding 61 new jobs in Salisbury.

Continental Structural, which has operations on three continents, employs more than 4,300 employees worldwide. The company’s project in Salisbury will add 50,000 square feet to its current facility and incorporate a new paint/prime line, enabling it to speed up production and accommodate larger products.

CSP is a Teijin Group company and a Tier One supplier providing advanced, lightweight composite solutions for the automotive, heavy truck, HVAC and construction industries.

The Auburn Hills, Michigan company provides full-service engineering support and holds multiple patents covering materials formulations and manufacturing processes.

“Our expansion at the Salisbury facility will enhance our ability to support programs for our heavy truck customers,” said CEO Steve Rooney.

The NC Dept. of Commerce led a team of partners in supporting CSP’s decision to expand in the state, which will create for the community an annual payroll impact of more than $2 million.

A performance-based grant of $100,000 from the One North Carolina Fund will help facilitate Continental Structural Plastics’ expansion in Rowan County. The OneNC Fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All OneNC grants require a matching grant from local governments and any award is contingent upon that condition being met.

Partnering with the NC Dept. of Commerce and the Economic Development Partnership of North Carolina on this project were the North Carolina Community College System, Rowan County, and the Rowan EDC.