Canadian General Tower (CGT) US Limited, producer of coated fabrics and films for automotive and industrial applications, is to construct a new manufacturing facility in New Braunfels, Texas. CGT anticipates creating at least 275 jobs and $80 million in capital investment in the state. Craig Richardson, CEO of CGT said that “This new facility will enhance our customer experience by providing an additional source of CGT’s premium vinyl cover stock for our Automotive and Industrial customers". As an incentive, the state offered to provide a Texas Enterprise Fund grant offer of $2 million to CGT. In addition, the City of New Braunfels partnered with the Office of the Governor to facilitate state and local support for CGT’s relocation.
Significance: CGT’s global headquarters are in Ontario, Canada. The privately held company supplies thermoplastic coverstock materials, including "protein leather" (a coverstock for seating surfaces), for interior systems such as seating, doors, arm rests, visors and instrument panels and currently serves most OEMs in the North American automotive industry. The project will reshore part of the company’s manufacturing from China and increase North American capacity.
