Japanese company to relocate U.S. headquarters to Cary

April 22--RALEIGH -- An American subsidiary of a Japanese company will move its headquarters from New York to Wake County and open a distribution center in Alamance County, bringing about 100 jobs and an investment of at least $3.5 million to the area over the next five years, Gov. Pat McCrory announced today.

The announcement came hours after the Cary Town Council approved $23,500 in incentives to help bring the company here.

The company is CBC Americas Corp., which is owned by Japan-based CBC Co. Ltd., and currently has headquarters in Long Island, New York.

The company has six divisions: imaging technology, optics, chemicals and pharmaceuticals, flooring, plastics and eco-energy, according to a news release. The company specializes in security solutions, chemicals and pharmaceuticals, renewable energy technology and video surveillance products, the release said.

Sixty-seven jobs will be in Wake County at the Cary corporate headquarters while 29 will be at a distribution center in Mebane.

The announcement was made at the NC Japan Center at N.C. State University with John E. Skvarla III, Secretary of the North Carolina Department of Commerce.

The incentives approved in a 5-1 vote by Cary council members are in conjunction with a One North Carolina state grant of up to $63,000, according to the news release.

Companies must meet job creation and investment performance standards to qualify for the grants, the news release said, and require a local match. No one spoke Tuesday night at a required public hearing regarding the incentives. Cary Councilman Don Frantz voted against the incentives.

The average salary for the Wake County positions will be $85,962, according to the release. The Alamance County positions will average $36,128.

Both average salaries are higher than their respective county averages, according to the release.

In September, Cary granted $123,700 to tech-firm HCL as part of a deal that requires the company to create 1,237 jobs in Cary with an average annual salary of $51,653.

In 2013, the town agreed to grant $1.9 million to insurance giant MetLife to create nearly 1,200 jobs with an average annual salary of $80,000.

Specht: 919-460-2608;

Twitter: @AndySpecht

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