Japanese autoparts producer, FCC, is to expand operations in Scotland County, North Carolina and create 28 jobs in three years, ploughing US$827,000 into the project.
The company is part of a global production network with Japanese parent FCC Co and has two plants in Scotland County. One manufactures clutch and transmission parts, the other makes friction material. Primary customers include Honda, Ford and Fiat Chrysler.
“Our company possesses some of the most advanced clutch technology in the marketplace today and with strong State and local government partnerships, we are well positioned to pursue opportunities for further growth at FCC [North Carolina],” said FCC administration manager, Wayne Cromartie.
The new Scotland County positions will provide a payroll impact of nearly US$780,000 each year to the local economy.
“FCC (North Carolina) is excited about the expansion of our plant in Scotland County,” Cromartie added. “The hard work and dedication of our associates and the support from Laurinburg, Scotland County and the State have made our first 16 years very successful.”
A performance-based grant of US$90,000 from the One North Carolina Fund will help facilitate FCC’s expansion in Scotland County. The One NC Fund provides financial assistance to local governments to help attract economic investment and to create jobs.
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Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All One NC grants require a matching grant from local governments.
In addition to North Carolina Commerce and the Economic Development Partnership of North Carolina, other key players in the project include the North Carolina General Assembly, the North Carolina Community College System, Scotland County and the Scotland County Development Corporation.