ASHEBORO — Phase Change Solutions, which bills itself as a global leader in temperature control and energy efficient solutions and has been based in Asheboro, is establishing a U.S. headquarters in Greensboro, the company announced last week.
Incentives played a role in luring the company to Greensboro for its expansion, according to several reports.
Phase Change Solutions has been listed as an Asheboro company with a Pritchard Street address. Company officials didn’t return messages to provide clarity on any future role in Asheboro.
Triad Business Journal reported that the company will relocate from Asheboro.
Phase Change Solutions hasn’t been a member of the Asheboro/Randolph Chamber of Commerce.
The announcement from Phase Change Solutions said that a $4 million investment is being made for the new facility at 813 Winston St. in Greensboro. The company says that 51 new jobs will be created.
The move into Greensboro comes with incentives provided by Guilford County. A public hearing on this topic was held earlier this month.
The company also requested state and local incentives, and several Greensboro entities were on board.
“This expansion into Greensboro marks a significant milestone in our journey towards sustainable innovation,” Phase Change Solutions CEO Govi Rao said in a statement when the announcement was made. “The vibrant community and thriving business ecosystem in Greensboro provide the perfect foundation for us to further revolutionize energy efficiency and shape the future of advanced materials for thermal management solutions. Together, we will empower industries, homes, and the planet with our cutting-edge BioPCM technology that will make a lasting impact on both our local community and the world – moving us towards a circular economy.”
The company’s website says it uses “phase change materials that stabilize temperatures across a wide range of applications.”
