RALEIGH, N.C. — State officials on Friday announced KSM Castings NC Inc., a producer of light metal casting products for use in the automotive industry, will establish its first U.S. manufacturing facility in Shelby.
The company plans to create 189 jobs in North Carolina by the end of 2018 and invest more than $45 million into its Cleveland County facility.
KSM plans to construct an 110,000 square foot production facility in Shelby and install 8-10 high pressure die-casting machines. Products made at the new plant will include fully machined transmission, engine and steering parts.
Compensation will vary by job function, but the average compensation for the new positions is expected to be $42,810, plus benefits. The average annual wage in Cleveland County is $32,760.
Potential future expansion could include the production of gearbox housings, and body and chassis applications that partly require additional production processes such as gravity die-casting and counter pressure casting.
KSM Castings was founded in Germany in 1947. The company has experienced much growth recently and wants to expand into North Carolina to meet the needs of existing and new customers in the U.S.
“This is great news for Cleveland County and a good start to our economic development announcements in 2013,” said Sen. Warren Daniel. “We welcome KSM Castings to Cleveland County and look forward to continuing our work with Governor McCrory and Secretary Decker to bring manufacturing jobs back to our state.”