In an attempt to keep pace with the increasing production line of powder metal components and stay in line with the strategy of the parent company at the global level, Engineered Sintered Components plans to build a facility in addition to Troutman and employ an additional 25 employees.
The company, which lies on the old Murdock, said Friday it will invest about $ 9 million to build in addition to 20000 square feet of facilities at the second site and purchase the necessary equipment to support new businesses.
The president said the escrow account Rio Goto facility will launch 24 new products in the next year and a half.
He added: “I have worked and it was really to get a new job,” he said. “We look forward to this expansion of our overall support for the manufacture of highly engineered components while placing a high value on our employees and their families, and our society.”
Escrow account is a joint venture between Sumitomo Electric Sintered Alloy, Ltd. and Eaton. Troutman opened the factory in 1989. The company also operates sales offices in Southfield, Mich.
The company, 375 employees in the province of Iredell, Annex II at the site in Troutman in 2004.
He said Goto new components will go in the auto industry drives.
Been contracted with GE and Wilson in Statesville building to build an extension.
And laid the foundation stone to add held late this month or early May. It is scheduled to be finished as well as in late October or early November.