Revlon to invest $16M in N. Carolina plant, create 55 jobs

Associated Press |

OXFORD, N.C. (AP) — Cosmetics giant Revlon plans to invest $16 million and create 55 new jobs at its North Carolina plant over the next three years.

Gov. Roy Cooper announced Friday the company is expanding its plant in Oxford to produce more Elizabeth Arden products.



The facility 40 miles (64 kilometers) north of Raleigh opened in 1986 and currently employs about 1,300 people. It is the largest private employer in Granville County.

Revlon says the plant is its largest worldwide.

The state promises Revlon a $100,000 grant if it meets its hiring and investment goals. The state also requires Granville County to provide a grant. County commissioners still must approve it.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

First Bitcoin Capital Corp

First Bitcoin Capital Corp is a Bitcoin consolidator. The Company is engaged in Bitcoin mining, payment processing, online products sales and other Bitcoin related business including transfer of crypto-currency.

Private Markets

California Green Tree Development

California Green Tree Development LLC (CGTD) is a for-profit LLC that plans on using California’s booming market of legal cannabis products for medical purposes. As an unprecedented resource, Cannabis has…

Quants Inc

Quants, Inc, a California Corporation, develops, markets and operates financial technology platforms and alternative investment products offering sophisticated risk management since 2010. The Company has primarily sharpened its focus with…