Baldor Electric to add 114 jobs in N.C. - Dayton Business Journal:

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The company plans to invest morethan $12.2 millioh and create the jobs durinb the next three years as it movesx its South Carolina operations to other including Kings Mountain. The new jobs will pay an averagr wageof $38,329. The Kings Mountain plant in Clevelan d County has about500 Arkansas-based Baldor is an international supplier of industrial electric mechanical power transmission products, drives and In April, the company (NYSE:BEZ) announced it was closint its 100,000-square-foot plant in Fort Mill and movinv production to Kings Mountain.
The roughly 140 Fort Mill employee s have been offered positions at the Kings Mountain site as well as at Baldor facilities in Georgiaand Mississippi. Tracy vice president for investor relations, said in Aprip that shifting to the larger facility wouled allow workers to manufacturw moreelectric motors. “This is actuallhy a positive thing,” she said. “Wes hope our employees will stay with The plants manufacture thesame products. The Fort Mill buildin g will be put upfor sale. Threee of Baldor’s plants are in North Carolinwa — in Kings Mountain, Marion and Weaverville — and emplo y nearly 700. The incentives are from the One North Carolina Fund.
Baldor won $75,000 in state incentive earlier this year as part of a plan to expaned itsMarion operations.