RALEIGH – Gov. Bev Perdue today announced that Ellwood Advanced Components LLC, a manufacturer of turbine blades, will expand its operations in Forsyth County. The company plans to create 55 jobs and invest $33 million over the next five years in Rural Hall.
The project was made possible in part by an $188,000 grant from the One North Carolina Fund.
Ellwood Advanced Components, a wholly-owned subsidiary of Ellwood Group Inc., is a manufacturer of turbine blades for steam and gas-powered turbines. Ellwood Group, Inc. is a steel manufacturing and forging company with operations in Pennsylvania, Ohio, Texas, Michigan and Canada. Its principal products are used primarily for the power generation, oil and gas, construction, mining and military sectors. Ellwood Advanced Components currently employs 145 people at its Forsyth County facility.
Salaries will vary by job function, but the average annual wage for the new jobs will be $49,028, plus benefits. The Forsyth County average annual wage is $42,588.