North Carolina Railroad Company Makes Major Investment to Boost Atlantic Packaging Expansion
In a significant development for the economic landscape of southeastern North Carolina, the North Carolina Railroad Company (NCRR) has announced a strategic investment of up to $250,000. This funding is aimed at facilitating the construction of a vital new rail spur that will serve Atlantic Packaging's recently expanded warehouse in Tabor City. Once operational, this infrastructure is expected to allow the facility to receive and distribute at least 480 rail cars annually, marking a crucial logistics upgrade for the company.
The rail spur is set to connect Atlantic Packaging's new warehouse directly to the existing freight rail network, enabling the efficient transportation of raw materials via rail. This move will not only bolster the operations of Atlantic Packaging but is also seen as a catalyst for continued economic growth in Columbus County. The company plans to invest over $5 million into the overall project and anticipates the creation of 16 full-time jobs as a direct result of this expansion.
Carl Warren, president and CEO of NCRR, emphasized the competitive edge that freight rail provides to manufacturers in North Carolina. He stated, "This investment helps an established North Carolina company expand its operations, strengthens the state's supply chain and demonstrates how strategic rail infrastructure creates opportunities for businesses and communities alike." This alignment of resources and infrastructure aims to foster sustainable growth within the region.
Atlantic Packaging is recognized for its innovative packaging solutions, servicing a variety of industries, most notably food and beverage. The company ships products to over 35 locations across the United States and internationally, frequently importing essential materials such as paper by rail. With the addition of this new warehouse, it will become the company’s sixth facility in Tabor City, reinforcing its presence and commitment to the local economy.
Mayor Royce Harper of Tabor City was optimistic about the developments spurred by this partnership. He noted, "This project is exactly the kind of partnership that helps communities grow. Atlantic Packaging has been an important part of Tabor City's economy for many years. Adding rail service to this facility supports the company's continued investment here, while creating new jobs and strengthening our local economy."
NCRR operates under a unique funding model, utilizing private revenue for its projects through the NCRR Invests grant program, thus avoiding the use of taxpayer dollars. This approach allows the company to support key rail infrastructure projects that attract new industrial ventures and facilitate the growth of existing businesses throughout North Carolina.
The North Carolina Railroad Company has been a pivotal entity in driving the economic progress of the state for over 175 years, managing a 317-mile rail corridor that has proven integral in connecting various economic sectors. The company’s ongoing commitment to rail safety, operational excellence, and the promotion of regional advantages continues to create dynamic opportunities for both businesses and communities.
As the project moves forward, local stakeholders remain optimistic about the enhanced business capabilities the new rail spur will bring to Atlantic Packaging and the wider Columbus County area. By bridging the vital link between rail and local industry, NCRR is set to bolster economic opportunity in southeastern North Carolina, ensuring not only the growth of businesses but the prosperity of the communities they serve.
The rail spur is set to connect Atlantic Packaging's new warehouse directly to the existing freight rail network, enabling the efficient transportation of raw materials via rail. This move will not only bolster the operations of Atlantic Packaging but is also seen as a catalyst for continued economic growth in Columbus County. The company plans to invest over $5 million into the overall project and anticipates the creation of 16 full-time jobs as a direct result of this expansion.
Carl Warren, president and CEO of NCRR, emphasized the competitive edge that freight rail provides to manufacturers in North Carolina. He stated, "This investment helps an established North Carolina company expand its operations, strengthens the state's supply chain and demonstrates how strategic rail infrastructure creates opportunities for businesses and communities alike." This alignment of resources and infrastructure aims to foster sustainable growth within the region.
Atlantic Packaging is recognized for its innovative packaging solutions, servicing a variety of industries, most notably food and beverage. The company ships products to over 35 locations across the United States and internationally, frequently importing essential materials such as paper by rail. With the addition of this new warehouse, it will become the company’s sixth facility in Tabor City, reinforcing its presence and commitment to the local economy.
Mayor Royce Harper of Tabor City was optimistic about the developments spurred by this partnership. He noted, "This project is exactly the kind of partnership that helps communities grow. Atlantic Packaging has been an important part of Tabor City's economy for many years. Adding rail service to this facility supports the company's continued investment here, while creating new jobs and strengthening our local economy."
NCRR operates under a unique funding model, utilizing private revenue for its projects through the NCRR Invests grant program, thus avoiding the use of taxpayer dollars. This approach allows the company to support key rail infrastructure projects that attract new industrial ventures and facilitate the growth of existing businesses throughout North Carolina.
The North Carolina Railroad Company has been a pivotal entity in driving the economic progress of the state for over 175 years, managing a 317-mile rail corridor that has proven integral in connecting various economic sectors. The company’s ongoing commitment to rail safety, operational excellence, and the promotion of regional advantages continues to create dynamic opportunities for both businesses and communities.
As the project moves forward, local stakeholders remain optimistic about the enhanced business capabilities the new rail spur will bring to Atlantic Packaging and the wider Columbus County area. By bridging the vital link between rail and local industry, NCRR is set to bolster economic opportunity in southeastern North Carolina, ensuring not only the growth of businesses but the prosperity of the communities they serve.
Topics Consumer Products & Retail）
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