Amada North America Expands Manufacturing in High Point, North Carolina
05/08/2018
Amada will invest $87 million in a facility in High Point that will manufacture and assemble a line of high-precision press break bending equipment for the U.S. market. The company plans to purchase enough land to allow for a second facility at the same site in the future. Amada was established in Seattle, Washington in 1971 and has been located in California since 1973. Its company headquarters are located in Buena Park, California.
“Amada is excited to join the High Point, Guilford County business community” said Yukihiro Fukui CEO at Amada North America Inc. “We wish to thank the State of North Carolina, the NC Department of Commerce and the EDPNC, as well as the city of High Point, Guilford County, the High Point Economic Development Corporation, and ElectriCities, for their assistance in bringing this project to fruition. Amada believes success comes from listening to the voice of our customers, and locating our newest facility in this area allows us to be close to our customer base in the Southeast. We look forward to being an active, involved corporate citizen moving forward."
The North Carolina Department of Commerce and the Economic Development Partnership of N.C. were instrumental in supporting the company’s expansion decision. A performance-based grant of $200,000 from the One North Carolina Fund will help facilitate Amada’s facility in North Carolina.
The One N.C. 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 a matching grant from local governments, and any award is contingent upon that condition being met.
In addition to North Carolina Commerce and the Economic Partnership of North Carolina, other key partners in the project include the North Carolina General Assembly, the North Carolina Community College System, City of High Point, Guilford County, the Guilford County Workforce Development Board, the High Point Economic Development Corporation, Guilford County Economic Development Alliance, and the Greensboro Chamber of Commerce.
“North Carolina has the workforce, infrastructure, sites and business climate that manufacturers need to succeed,” said N.C. Commerce Secretary Anthony M. Copeland. “Amada has big plans for this project, and I look forward to working with them as they grow in Guilford County.”
“Manufacturers choose North Carolina because of our existing skilled workforce and our commitment to training the workforce they’ll need in the future,” said Governor Roy Cooper. “I join Guilford County and High Point communities in welcoming Amada’s new facility and the opportunities it will bring.”
Project Announcements
Kikkoman Foods Plans Jefferson, Wisconsin, Operations
04/26/2024
BWX Technologies Expands Cambridge, Ontario, Nuclear Production Operations
04/26/2024
Greenheck Group Plans Knoxville, Tennessee, Operations
04/26/2024
Local Bounti Plans Pasco, Washington, Indoor Agricultural Operations
04/26/2024
Innovative Construction Group Plans Siler City, North Carolina, Production Operations
04/26/2024
Crystal Window and Door Systems Plans Mansfield, Texas, Headquarters-Production Operations
04/25/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024