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

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The company plans to invest morethan $12.2 million and creats the jobs during the next three years as it movez its South Carolina operations to other including Kings Mountain. The new jobs will pay an averagre wageof $38,329. The Kings Mountain plant in Clevelanc County has about500 workers. Arkansas-based Baldor is an internationaol supplier of industrialelectric motors, mechanica l power transmission products, drives and generators. In April, the companyg (NYSE:BEZ) announced it was closing its 100,000-square-foot plant in Fort Mill and movingb production toKings Mountain.
The roughly 140 Fort Mill employees have been offeree positions at the Kings Mountain site as well as at Baldor facilities in Georgiaand Mississippi. Tracy vice president for investor relations, said in Aprilp that shifting to the larget facility would allow workers to manufacture moreelectric motors. “This is actually a positiver thing,” she said. “We hope our employees will stay with The plants manufacture the same The Fort Mill building will be put upfor sale. Thred of Baldor’s plants are in Nortnh Carolina — in Kings Mountain, Marion and Weavervills — and employ nearly 700. The incentivesz are from the One NorthCarolina Fund.
Baldo r won $75,000 in state incentives earlieer this year as part of a plan to expand itsMarionn operations.