German Ventilation Company Relocates North American Headquarters to Forsyth County with $100 Million Expansion | Eastern North Carolina Now | Ziehl-Abegg to create hundreds of new jobs in Winston-Salem

Coronavirus Disease 2019 (COVID-19)
Press Release:

    Raleigh, N.C.     Ziehl-Abegg, Inc., a manufacturer of commercial ventilation systems, will create 189 new jobs in Forsyth County, Governor Roy Cooper announced today. The company says it will invest more than $100 million to expand its operations and relocate its North American headquarters to Winston-Salem.

    "I am delighted to congratulate Ziehl-Abegg on this expansion in Winston-Salem and Forsyth County," said Governor Cooper. "The company's increased investment is a great vote of confidence in our thriving economy, central East Coast location, and skilled manufacturing workforce."

    Founded in 1910 as a motor manufacturer, Ziehl-Abegg is a German-based company that produces innovative industrial fan systems and motors with 5,000 employees worldwide. The company has fans for various commercial applications including hospitals, schools, data centers, and various agricultural uses. Ziehl-Abegg's expansion to a new state-of-the-art 500,000-square-foot building will increase its production capabilities and distribution for North America.

    "Megatrends such as digitalization, climate change and urbanization are leading to a growth in demand and call for a significant increase in our production capacities," said Joachim Ley, Chief Operating Officer of Ziehl-Abegg, Inc. "The U.S. market is fundamentally very important for us and is driving the expansion in North America. The 189 employees are the first step of our expansion project. We are anticipating growing to over 500 employees very rapidly."

    "Ziehl-Abegg is the latest example of why North Carolina continues to be recognized as the best place to do business," said N.C. Commerce Secretary Machelle Baker Sanders. "North Carolina offers a world-class workforce and robust training network that is committed to helping companies grow and succeed."

    The new positions include assembly technicians, engineers, finance, quality assurance, machinists, maintenance, and various administrative personnel. Altogether, the positions have an average annual salary of $59,479. Forsyth County's overall average annual wage is $57,351. The new jobs have the potential to create an annual payroll impact of more than $11.2 million for the region.

    A performance-based grant of $400,000 from the One North Carolina Fund, dependent on a capital investment from the company of $24.5 million, will help with Ziehl-Abegg's expansion in North Carolina. The One NC Fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All One NC grants require matching participation from local governments and any award is contingent upon that condition being met.

    "We are excited to welcome Ziehl-Abegg and its new good-paying jobs to Forsyth County," said N.C. Senator Joyce Krawiec. "This company has been a great workforce development partner in our region and we're eager to work alongside them as the lay down roots in Winston-Salem."

    "This is outstanding news for our region and the entire state," said N.C. Representative Donny Lambeth. "Ziehl-Abegg's reinvestment illustrates the benefits growing companies are afforded when they do business in North Carolina."

    Joining the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina were key partners in the project that included the North Carolina General Assembly, North Carolina Community College System, Forsyth Tech Community College, Forsyth County, City of Winston-Salem and Greater Winston-Salem, Inc.


    Contact: Mary Scott Winstead

    Phone: (919) 814-2100  •      Email: 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 )




What’s So Great About Diversity, Anyway? Commerce Expansion, NC Economy, Business November /December 2022 Calendar


HbAD0

Latest Business

Today the North Carolina Department of Commerce released September county-level unemployment data for the state, revealing a decrease in unemployment rates for 99 of North Carolina’s 100 counties. Only Warren County saw an increase in its unemployment rate.
Earlier this year, the censor-happy Left were growing increasingly alarmed that Elon Musk would buy Twitter and restore its former free-speech policy.
After two consecutive quarters of negative growth, the U.S. economy saw gains in the third quarter. U.S. gross domestic product (GDP) increased by 0.6% in Q3, according to the advance estimate released today by the Bureau of Economic Analysis.

HbAD1

The nonprofit Tax Foundation has released its State Business Tax Climate Index each year since 2003, distilling complicated tax environments into a simple and easy-to-understand ranking. The index is focused on how states generate revenue, not how much.
Families are feeling the pinch as cost of living continues to increase in North Carolina’s capitol
North Carolina’s unemployment rate increased for the second consecutive month in September according to the latest release from the North Carolina Department of Commerce.
Nearly 60,000 North Carolinians never re-entered the labor force after the Covid shutdowns.

HbAD2

Large COLA this year caused by inflation will likely mean Social Security tax hikes or benefit cuts in the near future

HbAD3

 
Back to Top