Baldor Electric Company

Industry Sector: 
Green Energy
New Jobs: 
166
Financial Investment: 
$17 million
Location: 
Kings Mountain
New or Expanding: 
Expanding
Company Description: 
Baldor Electric Company, a North American leader in industrial electric motors, will expand their operations in Cleveland County to accommodate growing demand for wind-powered technology. It was acquired by ABB Ltd. in January 2011 as part of their strategy to become a global leader for movement and control in industrial applications.
Announcement Date: 
January 3, 2012