Germany-Based Ziehl-Abegg Plans Winston-Salem, North Carolina, North American Headquarters
The new 500,000-square-foot building will increase the company's production capabilities and distribution for North America.
“Megatrends such as digitalization, climate change and urbanization are leading to a growth in demand and call for a significant increase in our production capacities,” said Joachim Ley, Chief Operating Officer of Ziehl-Abegg, Inc. “The U.S. market is fundamentally very important for us and is driving the expansion in North America. The 189 employees are the first step of our expansion project. We are anticipating growing to over 500 employees very rapidly.”
A performance-based grant of $400,000 from the One North Carolina Fund, dependent on a capital investment from the company of $24.5 million, was awarded. The One NC Fund provides financial assistance to local governments to help attract economic investment and to create jobs.
Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All One NC grants require matching participation from local governments and any award is contingent upon that condition being met.
“I am delighted to congratulate Ziehl-Abegg on this expansion in Winston-Salem and Forsyth County,” noted Governor Cooper. “The company’s increased investment is a great vote of confidence in our thriving economy, central East Coast location, and skilled manufacturing workforce.”
Founded in 1910 as a motor manufacturer, Ziehl-Abegg is a German-based company that produces innovative industrial fan systems and motors with 5,000 employees worldwide. The company has fans for various commercial applications including hospitals, schools, data centers, and various agricultural uses.
“Ziehl-Abegg is the latest example of why North Carolina continues to be recognized as the best place to do business,” added N.C. Commerce Secretary Machelle Baker Sanders. “North Carolina offers a world-class workforce and robust training network that is committed to helping companies grow and succeed.”
Joining the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina (EDPNC) were key partners including the North Carolina General Assembly, North Carolina Community College System, Forsyth Tech Community College, Forsyth County, City of Winston-Salem and Greater Winston-Salem, Inc.
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