Linamar Forgings Carolina, an automotive components manufacturer, will create 31 jobs in a $6.8 million expansion of its plant in Wilson, North Carolina.
Linamar Forgings Carolina, which makes chassis and powertrain products for the automotive industry, is part of the Linamar Seissenschmidt Forgings Group, headquartered in Plettenburg, Germany, and owned by Linamar Corporation. The Wilson County project will expand plant production to include hollow transmission shafts and net shape differential gears. The project will add a new manufacturing process that requires less material and results in lighter automotive parts.
“Lightweighting of automotive components is a key imperative for the future, whether that vehicle be traditionally powered or powered by new electrified systems, where in fact lightweighting is even more critical,” said Linamar CEO Linda Hasenfratz. “This investment brings important capabilities to us to better serve our customers and meet or exceed their technology needs.”
Salaries for the new jobs will vary by position but will average $49,764 annually. The average salary in Wilson County is $40,490.
The expansion has been approved for a performance-based grant of $62,000 over three years from the One North Carolina. The fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All grants require matching funds from local governments.
Regional Industry Manager Harry Swendsen of the Economic Development Partnership of North Carolina supported this project in partnership with the North Carolina Department of Commerce, the state General Assembly, the North Carolina Community College System, the city of Wilson, Wilson County and the Wilson Economic Development Council.