Source:  Press Release, 9/23/10

Baltek Inc., a manufacturer of core materials for the wind energy, mass transit, marine and military markets, will relocate to a new manufacturing facility in Guilford County.  The company plans to create 68 jobs and invest $3.25 million over the next three years in High Point.  The project was made possible in part by a $204,000 grant from the One North Carolina Fund.

The New Jersey based core materials manufacturer Baltek will relocate its operations to High Point. Its materials are used by manufacturers to make lightweight sandwich structures that enable end products to become lighter and thus more energy efficient. Baltek is a member company of 3A Composites, headquartered in Switzerland with 3,000 employees in Europe, the Americas and Asia.

For more information about Baltek Inc., please visit www.corematerials.3Acomposites.com.