Precision Hydraulic Cylinders (PHC) is expanding in Beulaville, North Carolina, with help from a $92,000 One North Carolina Fund grant. The company will invest $3.4 million and create 89 jobs in the next three years.
"The company's absolute commitment to providing its customers with the highest quality products, on-time deliveries, and superior overall value has created this opportunity for continued growth," said Christopher Barclay, PHC president and CEO. "The support from the state has definitely helped us make the decision to expand here in North Carolina."
PHC produces hydraulic cylinders for clients around the world. Its customers include international equipment manufacturers of products such as forklifts and large earth-moving equipment. PHC has headquarters in Wilmington, North Carolina.