CHICAGO KSM Castings
Group GmbH plans to open a new manufacturing facility in
Shelby, N.C., to meet growing demand in the United States.
The operation is slated to be up
and running in early 2014, with hiring starting in late 2013,
according to the Hildesheim, Germany-based company, owned by
Chinese wheel manufacturer Citic Dicastal Co. Ltd.
KSM is expected to create 189
jobs in North Carolina and invest more than $45 million in the
facility by the end of 2018, the office of state Gov. Pat
McCrory said Feb. 1.
The 110,000-sqaure-foot plant is
expected to include eight to 10 pressure die casting machines,
the governors office said. It is expected to make fully
machined transmission, engine and steering parts. Future
expansions could include the production of gearbox housings, as
well as body and chassis applications, the office said.
"My administration will work
with businesses like KSM Castings to help them grow and expand
jobs," McCrory said in a statement. "North Carolina can be a
leader in manufacturing once again."
The new plant, which will supply
existing and new customers, is part of KSMs strategy to
expand its global presence and supply customers from a local
base, chief executive officer Frank Boshoff said in a
statement. It also comes as stricter U.S. emissions regulations
boost demand for lightweight castings, he said.
"The technology expertise
provided by KSM Castings and the availability of a skilled
manufacturing work force in an emerging automotive cluster make
a perfect match," Boshoff said.
KSM operates six plants in
Germany, the Czech Republic and China and has 2,900 employees.
Its customers include Volkswagen AG, Wolfsburg, Germany;
Daimler AG, Stuttgart, Germany; and Benteler AG, Salzburg,
Citic Dicastal has owned KSM