Tuesday, April 20 2010 11:21 PM EDT2010-04-21 03:21:00 GMT
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SHELBY, NC (WBTV) -
WBTV has learned more than 180 jobs are headed to Shelby.
Kristy Etheridge was at the economic development announcement in Cleveland County.
KSM Castings is a German company that makes auto castings for BMW and other automakers. It currently has locations in Europe and China. Now KSM Castings is opening a location in Shelby, bringing more than 180 jobs.
In a press release, KSM Castings says the new Shelby location will address the rising demands of its international customers for high-quality castings.
Dr. Frank Boshoff, CEO of KSM Castings, explained: "This decision to invest in a new plant in the USA is a further step in the global expansion of our production platform. The new production site in North Carolina will enable us to supply our current and future customers in the growing US market on a more local basis. The increasing demands of car manufacturers, in particular the use of resource-efficient products, are creating a rising need for light-alloy castings with a high level of technological quality."
The facility in Shelby is scheduled to be operational in early 2014. Officials expect to begin hiring and staffing the facility in late 2013.
Kristy will have the latest on this story starting today on WBTV News First at 4:00.
