Japanese manufacturer chooses North Carolina over Mexico for expansion
Japanese manufacturer of friction material and clutch and transmission parts FCC Corporation has chosen one of its two North Carolina’ facilities for an US$ 0.8 million expansion. The project will open 28 new jobs over the next three years.
According to the Triangle Business Journal, the company decided to expand capability in its plant located in Scotland County, North Carolina over other facilities it operates in Indiana and San Luis Potosi, Mexico.
The payroll impact is expected to be nearly US$ 0.78 million each year to the local economy, according to an announcement from the state. In return for the jobs and investment, the state is offering up a performance-based One North Carolina Fund grant of US$ 90,000.