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Cree – maker of LED lighting and other products – announced today that it will bring a new production plant to Durham and offer more than 240 new jobs to the area. 

Governor Beverly Perdue, Representatives Brad Miller and David Price, and Senators Kay Hagan and Richard Burr joined Cree for the announcement this afternoon

Cree said it’s building a new production facility within its existing Durham operation which will produce larger LED wafers. The product will help make LED lighting more affordable and cost effective.

Cree plans to hire the new workers by 2013.

Company executive Greg Merritt said the new jobs are in addition to a plan announced last year to hire 575 new workers by the end of 2012.