Linamar Expanding its Buncombe County Facility | Eastern North Carolina Now

News Release:

    Raleigh, N.C.     Governor Pat McCrory and North Carolina Commerce Secretary Sharon Decker announced today that Linamar North Carolina, Inc., is expanding operations in Buncombe County. The company plans to create 150 new jobs and invest $115 million over the next several years in Arden, near Asheville.

    "This is how we like to do business in North Carolina: grow with our existing industries," said Governor McCrory. "Linamar fits into the automotive industry supply chain and that in turn fits right into our North Carolina jobs plan."

    Linamar Corporation is based in Guelph, Ontario and is a world-class designer and manufacturer of components and systems for the automotive and commercial vehicle industry, energy and mobile industrial markets. It is a leading supplier of engine transmission driveline products and mobile aerial work platforms. The Asheville precision machining facility produces components for commercial diesel engines and off highway vehicles and employs nearly 170 workers.

    "This expansion will establish a gear manufacturing base in the Southeastern United States for Linamar North Carolina," said Secretary Decker. "These new jobs add to our number one ranking for the most manufacturing jobs in the Southeast."

    Employees in Asheville will manufacture gears for automotive transmissions. Salaries will vary by job function, but the average annual payroll for the new jobs will be nearly $6.4 million.

    "We are very excited about our continued expansion in North Carolina," said company CEO Linda Hasenfratz. "Expanding our gear business globally is a key priority for us and we plan to create a state of the art facility here in Asheville to do just that."

    The project was made possible in part by a performance-based grant from the One North Carolina Fund of up to $500,000. The One NC Fund provides financial assistance, through local governments, to attract business projects that will stimulate economic activity and create new jobs in the state. Companies receive no money up front and must meet job creation and investment performance standards to qualify for grant funds. These grants are contingent upon local matches.

    In June of 2012, Linamar received a Job Development Investment Grant committing the company to 250 jobs and a $75 million investment. Over nine years, the JDIG award could yield aggregate benefits to Linamar of $2.6 million upon the creation of the new jobs.

    "Linamar has progressed quickly in just three years time to grow in Asheville," said Senator Tom Apodaca. "This latest expansion represents a new product line for Linamar Asheville where employees will make transmission gears with the latest high-tech equipment."

    "Linamar's advanced manufacturing of engine blocks and now transmission gears is welcome news for South Asheville," said Representative Tim Moffitt. "This company is committed to Buncombe County and recognizes our great workforce. We wish them continued success."

    Other partners that helped with this project include: the N.C. Department of Commerce, Economic Development Partnership of N.C., N.C. Community Colleges, Asheville-Buncombe Technical Community College, Duke Energy, Buncombe County, Asheville, and the Economic Development Coalition for Asheville-Buncombe County.


    Contact: Crystal Feldman
       govpress@nc.gov
Go Back


Leave a Guest Comment

Your Name or Alias
Your Email Address ( your email address will not be published)
Enter Your Comment ( no code or urls allowed, text only please )




Beaufort County NOW has a Solid Month in October, 2014 Commerce Expansion, NC Economy, Business Technimark Expansion Means 163 New Jobs For Randolph County


HbAD0

Latest Business

A former Boeing employee who raised safety concerns related to the company’s aircraft production was found dead this week.
A national report card on hospital patient safety has ranked North Carolina in third place among hospitals in the U.S. that had mostly “A” ratings when it comes to patient safety, up from sixth place this past spring.
RALEIGH: Lynddahl Telecom America Inc. (LTA), a duct solutions company for fiber optics installations, will create 54 new jobs in Gaston County, Governor Cooper announced today.
A unanimous three-judge panel of the state Court of Appeals has ruled in favor of the North Carolina Farm Bureau Federation, and against the Department of Environmental Quality, in a dispute over animal-waste permits.
Trying to turn our oceans into sprawling, on-again/off-again electric stations is becoming even more prohibitively expensive.
Mercedes-Benz is scrapping its plans to only sell electric vehicles after 2030 as consumer demand for EVs remains lower than what automakers projected.
A subsidiary of one of the largest health insurance agencies in the U.S. was hit by a cyberattack earlier this week from what it believes is a foreign “nation-state” actor, crippling many pharmacies’ ability to process prescriptions across the country.
The John Locke Foundation is supporting a New Bern eye surgeon's legal fight against North Carolina's certificate-of-need restrictions on healthcare providers.

HbAD1

The cellular outage that crippled service for AT&T customers all over the U.S. on Thursday was likely the result of a software update gone wrong, the company said.
North Carolina has climbed to rank 9th in the nation for its tax climate, according to the latest study conducted by the nonprofit Tax Foundation.
The Tax Foundation, a Washington D.C. based nonpartisan tax policy research organization, has released its 2024 State Business Tax Climate Index.
Toyota, Kempower, and Epsilon Advanced Materials – all companies in clean energy industries – top the year’s $12.9 billion project list
Epsilon Advanced Materials (EAM), India’s leading battery materials company has announced a $650 million investment in Brunswick County, North Carolina.
I recently wrote about “How the Budget Stops California from Setting North Carolina’s Transportation Policy.”
The North Carolina Home Builders Association is asking Superior Court judges to reject Gov. Roy Cooper's request for an injunction against new laws dealing with appointments to government boards.
Lululemon founder Chip Wilson is taking backlash for his recent comments about the brand’s adoption of Diversity, Equity, and Inclusion (DEI) policies — which he said led to the use of “unhealthy,” “sickly,” and “not inspirational” models to promote the brand.
WASHINGTON, NC— The Beaufort County Community College Foundation received a $40,000 donation from the First Annual Belhaven Trout Tournament and Festival.

HbAD2

 
Back to Top