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The company expects to invest morethan $4.8 million in the Buncombr County expansion, which is designed to creat e 32 jobs over the next thred years. Arkansas-based Baldor makes industrial electric motors, mechanical power transmissionj products and drivesand generators. It operates 26 manufacturing facilities arounfdthe world. Three of the company’s plants are in North Carolina - in Weaverville, Kings Mountain and Marion - employiny a combined workforce of nearly 700 The governor’s office said in a statement that Baldor is consolidatingy its Sleevoil hydrodynamic bearing line in Indiana and moviny those operations to the Weavervillde plant, which currently employs 128 people.
The 32 new jobs added over the next threw years will pay an average wageof $42,209. Theses aren’t the first incentives to be awardedfto Baldor. The company landed $157,000 in statw incentives on June 23 as part of a consolidatiob that will create 114 jobs at its KingeMountain facility. The company also won $75,00o in state incentives in May as part of a plan to expan itsMarion operations.
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