KSM Castings USA Expands Manufacturing Presence in Cleveland County | Eastern North Carolina Now

    Press Release:

Growth Will Lead to 80 New Jobs


    Shelby, N.C.     Governor Pat McCrory, North Carolina Commerce Secretary John E. Skvarla, III and the Economic Development Partnership of North Carolina (EDPNC) announced today that KSM Castings USA is expanding its operations in Cleveland County, creating 80 new jobs during the coming five years. The German manufacturer of automotive components will invest $80 million at its facility in Shelby.

    "KSM's rapid growth in Cleveland County underscores the continued success of automotive components manufacturing across North Carolina," said Governor McCrory. "The expansion by this major automotive supplier keeps that momentum going."


    KSM Castings USA is a unit of the KSM Castings Group, a leading producer of automotive lightweight components for chassis, transmissions, engines and steering. Honored as one of Germany's most innovative company's, KSM Castings was founded in 1947. It arrived in North Carolina in 2013 as the growth of its U.S. customer base led to the establishment of a 120,000-square-foot facility in Shelby. In addition to KSM's state-of-the-art facility in Cleveland County, the firm operates seven production plants in Germany, China and the Czech Republic with a total of 3,300 employees. KSM is owned by CITIC Dicastal Co. Ltd.

    "North Carolina is the Southeast's No. 1 state for manufacturing jobs," said Secretary Skvarla. "Our talent pool and business-friendly environment make North Carolina the smart choice for global manufacturers across nearly every industry sector."

    North Carolina is home to 290 automotive manufacturing establishments. The sector employs about 26,000 workers in the state.

    The company credits first-class employees as its foundation. KSM plans to hire production workers, machine operators, pourers and casters among other employees for the expansion. Salaries will vary by job, but the average compensation will be $42,300 per year. Cleveland County's overall annual wage currently averages $35,885.

    "With the expansion of this site we will continue our strategy to be on site, offer different production processes for our customers and supply the local markets," explained Franz Friedrich Butz, CEO of the KSM Castings Group.

    The company's expansion in North Carolina was made possible in part by a performance-based grant of up to $320,000 from the One North Carolina Fund. The One NC Fund provides financial assistance to support efforts by local governments to create jobs and attract economic investment. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for grant payments. All One NC grants require a financial commitment from county or municipal governments.

    "Congratulations to KSM Castings for its continued growth and success," said N.C. Speaker of the House Tim Moore. "I look forward to working with Governor McCrory and Secretary Skvarla in ensuring the vibrancy of North Carolina's manufacturing economy."

    "I welcome the expansion of this prominent Cleveland County manufacturer and greatly appreciate the new manufacturing jobs it is bringing our community," said N.C. Senator Warren Daniel.

    Joining NC Commerce and EDPNC in helping facilitate KSM's expansion is the North Carolina General Assembly, NCWorks, the North Carolina Community College System, Cleveland County, the City of Shelby and the Cleveland County Economic Development Partnership.

  • 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 )




Roy "No Comment" Cooper To Hold First Press Conference Since August 2015 Commerce Expansion, NC Economy, Press Releases: Elected office holders, Business, Op-Ed & Politics, Bloodless Warfare: Politics Governor McCrory Hosts Bond Panel Discussion at UNC Wilmington


HbAD0

Latest Bloodless Warfare: Politics

Glenn Beck: 'When the United States government can come after individuals, that's when you know our republic is crumbling.'
Washington, D.C. — Congressman Greg Murphy, M.D. issued the following statement on the latest continuing resolution:
WASHINGTON – Today, as Joe Biden continues his Bankrupting America Tour in North Carolina, Republican National Committee (RNC) Chairwoman Ronna McDaniel released the following statement:
Former President Donald Trump dominated the North Dakota Republican Caucus on Monday as he continues to inch closer to officially securing the party’s presidential nomination.
RALEIGH: Today, Governor Cooper visited a bus facility in Durham to highlight the recent significant federal funding for electric school buses in North Carolina.
The White House unveiled a new term on Thursday for the millions of illegal aliens who have flooded into the U.S. under President Joe Biden, which came just shortly before Biden took a trip to the border for a photo op at a spot that has had few illegal aliens cross.

HbAD1

Washington, D.C. — Congressman Greg Murphy, M.D. issued the following statement after voting in favor of S.J. Res. 38, to overturn the Federal Highway Administration’s rule relating to ‘Waiver of Buy America Requirements for Electric Vehicle Chargers.’
House Homeland Security Committee Chair Mark Green (R-TN) announced this week that he is reversing his decision to retire after receiving calls from former President Donald Trump and others.
Former President Donald Trump slammed President Joe Biden on Saturday after Biden apologized for calling the illegal alien who allegedly murdered a young woman in Georgia an “illegal” during his recent State of the Union speech.
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.
Sen. Ted Cruz (R-TX) said this week that the media and Democrat politicians are doing everything they can to hide the fact that the man who is accused of murdering a Georgia college student last week is an illegal alien

HbAD2


HbAD3

 
Back to Top