Position:Investments of Spatial Integrated Systems - Stone Arcade Acquisition

Pact to improve Teflon doesn't stick

A partnership between UNC Chapel Hill and DuPont ended, and a proposed $275 million plant won't be built. They had been collaborating since 1999 to discover a cleaner way to make Teflon. They found it, but DuPont shelved the project because of declining demand for its no-stick coating. Wilmington, Del.-based DuPont had sought a process to make Teflon without contaminating wastewater with possible carcinogens. It would have used the process at a new plant in Fayetteville, which would have employed about 100.

KINSTON -- Spatial Integrated Systems, based in Rockville, Md., will invest about $700,000 in equipment and relocate its headquarters and manufacturing plant to a 20,000-square-foot building at the Global TransPark. Spatial, which makes software for the aviation-parts industry, will create 37 jobs, averaging $67,600 a year. Spatial will get a $100,000 grant from the state.

GREENVILLE -- A maker of incontinence products will expand here, investing $9.7 million over three years and moving its headquarters from San Demis, Calif. PaperPak Products will add about 100 manufacturing and administrative employees to the...

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