Yale Industrial Products Inc., a designer and manufacturer of material-handling products, will expand its operations in Wadesboro.
The company plans to invest $3 million and add 65 jobs over the next three years.
The Wadesboro plant has 136 workers.
The new jobs will pay an average $37,031 per year, excluding benefits. That exceeds the Anson County average of $28,288.
Yale Industrial Products is owned by Columbus McKinnon Corp. of New York (NASDAQ:CMCO), which makes hoists, trolleys, cranes and other material-handling equipment.
Columbus McKinnon also has hoist-manufacturing facilities in Michigan, Ohio and Virginia.
The company plans to consolidate its Michigan operation into the other plants, including the Wadesboro facility, which will add a line of wire rope hoists.
Columbus McKinnon also owns Duff-Norton, a manufacturing facility in Charlotte.
The proposed expansion was made possible, in part, by a $116,300 grant from the One North Carolina Fund, according to the office of Gov. Bev Perdue. The state uses the fund to attract business projects that create jobs.
New employment positions will be posted at the N.C. Employment Security Commission/JobLink Center at 116 W. Wade St. in Wadesboro. Applicants must apply at the center.
Source: Charlotte Business Journal
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