Advanced Superabrasives, a manufacturer of premium high-performance grinding wheels and equipment, is expanding its facility in Mars Hill, North Carolina, and creating 47 full-time jobs over four years.
The company manufactures industrial grinding machines. Its superabrasive grinding wheels are used by the automotive, aerospace, medical, woodworking and other industries. One of its grinding wheels is currently in use on the planet Mars, part of the scientific package aboard the Curiosity Rover. All Advanced Superabrasives products are manufactured and distributed worldwide from its headquarters in Mars Hill.
“North Carolina values its manufacturing companies, both large and small,” said Jonathan Szucs, general manager for Advanced Superabrasives. “Our company is proud to do business here and we look forward to growing in the state for many years to come.”
The company will invest $26 million in the expansion, which will bring its workforce to roughly 80 employees. Salaries for the new jobs will vary by position but will average $33,829 annually. Madison County’s average wage is $31,560.
“North Carolina’s top-flight manufacturing workforce makes our state the right choice for companies looking to grow into the future,” state Gov. Roy Cooper said. “Advanced Superabrasives’ expansion is just the latest example that top manufacturers have confidence in our state and our workers.”
A $100,000 grant from the One North Carolina Fund will help support the expansion. The fund provides financial assistance to local governments to help attract economic investment and create jobs. Companies must meet job creation and capital investment targets to receive payment, and all grants require a matching grant from local governments.
Josh Carpenter, regional industry manager for 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, Madison County, the town of Mars Hill, and Madison County Economic Development.
Interested in locating or growing your business in North Carolina? Email our business recruitment team or call us at 919-447-7744.
Read More: “Advanced Superabrasives Plans for New Facility,” Asheville Citizen-Times.