Electromagnetic Systems Manufacturer To Expand in Cleveland Co.

Global growth means job boost for Shelby, N.C.

2/13/2012

[North Carolina Office of the Governor]

RALEIGH – Gov. Bev Perdue today announced that Kendrion FAS Controls Inc., a manufacturer of electromagnetic systems, will expand its operations in Cleveland County. The company plans to create 57 jobs and invest $7.3 million over the next three years in Shelby. The project was made possible in part by a $228,000 grant from the One North Carolina Fund.
 
“My first priority is creating jobs,” said Gov. Perdue. “Our state has a top-notch business climate, strong workforce and job training programs that advanced manufacturers like Kendrion need to be globally competitive.”
 
Kendrion FAS Controls is a subsidiary of German-based Kendrion Binder Magnete GmbH, which is wholly owned by Netherlands-based Kendrion N.V. Kendrion acquired the FAS Controls Inc. plant in Shelby in December 2011. That facility currently employs more than 200 people. In addition to their numerous global facilities, Kendrion also operates U.S. plants in Indiana and Georgia.
 
Salaries will vary by job function, but the average annual wage for the new jobs will be $32,544, plus benefits. The Cleveland County average annual wage is $32,344.
 
“Growth is absolutely the imperative in the current global business climate to achieve stability and continue to contribute to the local communities of which we belong,” said William Brown, President and General Manager of Kendrion FAS Controls. “We are very proud of the continued recent growth we have been able to contribute to Cleveland County and will continue to strive for additional growth which will benefit our company, our employees, and certainly our communities.”
 
The One North Carolina Fund provides financial assistance, through local governments, to attract business projects that will stimulate economic activity and create new jobs in the state. Companies receive no money up front and must meet job creation and investment performance standards to qualify for grant funds. These grants also require and are contingent upon local matches.
 
North Carolina continues to have a top-ranked business climate. Through Gov. Perdue’s JobsNOW initiative, the state works aggressively to create jobs, train and retrain its workforce, and lay the foundation for a strong and sustainable economic future.
 
Through use of the One North Carolina Fund, more than 60,000 jobs and $11 billion in investments have been created since 2001. Other partners that helped with this project include: the N.C. Department of Commerce, N.C. Community Colleges, Cleveland County, City of Shelby, Cleveland County Economic Development Partnership and Duke Energy Carolinas.
 
For more information about Kendrion FAS Controls, go to www.kendrion.com.

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