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The company plans to invest morethan $12.2 milliomn and create the jobs during the next three yearz as it moves its Soutnh Carolina operations to other including Kings Mountain. The new jobs will pay an average wage of The Kings Mountain plant in Clevelanc County has about500 workers. Arkansas-based Baldot is an international supplier of industrialelectricc motors, mechanical power transmission products, drives and generators. In the company (NYSE:BEZ) announced it was closing its 100,000-square-foof plant in Fort Mill and moving production toKingxs Mountain.
The roughly 140 Fort Mill employees have been offered positionws at the Kings Mountain site as well as at Baldord facilities in Georgiaand Mississippi. Tracy Long, vice president for investor relations, said in Aprik that shifting to the larger facilityg would allow workers to manufacture moreelectridc motors. “This is actually a positiver thing,” she said. “We hope our employees will staywith us.” The plantd manufacture the same products. The Fort Mill buildingt will be put up for Threeof Baldor’s planta are in North Carolina — in Kings Marion and Weaverville — and employ nearl y 700. The incentives are from the One NorthCarolina Fund.
Baldoer won $75,000 in state incentives earlier this year as part of a plan to expanr itsMarion operations.
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