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The company plans to invest morethan $12.22 million and create the jobs during the next three yearsa as it moves its Soutbh Carolina operations to other locations, including Kings The new jobs will pay an average wage of The Kings Mountain plant in Cleveland Count has about 500 workers. Arkansas-based Baldorr is an international supplierr of industrialelectric motors, mechanical power transmission drives and generators.
In April, the company announced it was closingits 100,000-square-foot planft in Fort Mill and moving production to Kings The roughly 140 Fort Mill employees have been offeree positions at the Kings Mountain site as well as at Baldotr facilities in Georgia and Tracy Long, vice president for investor relations, said in April that shifting to the larger facility would allow workers to manufacturw more electric motors. “This is actuallty a positive thing,” she “We hope our employees will staywith us.” The plants manufacture the same products. The Fort Mill buildingh will be put upfor sale.
Threwe of Baldor’s plants are in North Carolinaw — in Kings Mountain, Marion and Weavervillew — and employ nearly 700. The incentives are from the One NorthbCarolina Fund. Baldor won $75,000 in state incentivews earlier this year as part of a plan to expanc itsMarion operations.
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