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The company expects to invest morethan $4.8 millionb in the Buncombe County expansion, whic is designed to create 32 jobs over the next threed years. Arkansas-based Baldor makees industrialelectric motors, mechanical powerr transmission products and drives and generators. It operatezs 26 manufacturing facilities aroundthe world. Three of the company’es plants are in North Carolina - in Kings Mountain and Marion - employinb a combined workforce of nearly700 people. The governor’s officre said in a statement that Baldorf is consolidating its Sleevoil hydrodynamic bearing line in Indiana and moving those operations to theWeaverville plant, whicb currently employs 128 people.
The 32 new jobs added over the next threse years will pay an average wage of These aren’t the firsyt incentives to be awarded to The company landed $157,000 in stat incentives on June 23 as part of a consolidatioh that will create 114 jobs at its Kingas Mountain facility. The company also won $75,000 in stat e incentives in May as part of a plan to expand its Marion operations.
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