German company KSM to create hundreds of new jobs in North Carolina

Governor Pat McCrory and State Commerce Secretary Sharon Decker announced Friday February 1st, 2013 that German headquartered KSM Castings Inc. is opening its first US factory in west Shelby.

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KSM Castings NC Inc., a leading producer of light metal casting products for use in the automotive industries, will bring 189 full-time jobs to the area and $ 45 million in economic investment to the country during the next six years. Construction of the facility will bring an additional 200 to 500 jobs, said Cleveland County Commissioner Eddie Holbrook.
In addition he said: “It has been a goal of ours to attract an automotive company, because we are not right next door to an automotive company, other than BMW but are close enough to other areas.”
KSM CEO Frank Boshoff said the decision to invest in North Carolina “is an important step towards the company’s strategy to increase its global production footprint. Shelby met the criteria because of the infrastructure available, skilled workforce and proximity to future customers.”
KSM plans to construct an 110,000 square foot production facility in Shelby which will make fully machined transmission, engine and steering parts. The project was made possible in part by performance-based awards from the state’s Job Development Investment Grant program and One North Carolina Fund. Officials said receipt of each award will be based on proof of job creation and other requirements.
The facility is scheduled to open in early 2014 at the proposed site of 641 Plato Lee Road.
Author: Andreas Weitzell, Trainee Charlotte Office
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