Germany-Based KACO USA Expands In Lincolnton, North Carolina, Manufacturing Plant
01/03/2017
The company is part of Germany-based KACO GmbH + Co. KG, a privately held manufacturer founded in 1914. Its Lincolnton plant is one of nine locations the company maintains worldwide. Kaco is part of the Zhongding group which maintains nine operations in North America. Kaco will add production, accounting and management personnel at its Lincolnton facility.
“The partnership with North Carolina and Lincoln County allows Kaco to expand operations locally, as well as open the door for future expansion of the ZD Group in the state,” said Marcio Lima, President and CEO.
Kaco USA’s expansion in North Carolina was made possible in part by a performance-based grant of up to $100,000 from the One North Carolina Fund. The One NC Fund provides financial assistance in support of local governments in creating jobs and attracting economic investment. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for grant funds. All One NC grants require a local government match.
“Kaco USA’s expansion in North Carolina is more evidence that our state is a top global destination for automotive suppliers,” said Governor Pat McCrory. “When it comes to a world-class workforce, proximity to automakers and a welcoming business climate, nothing compares to North Carolina.”
In addition to North Carolina Commerce and the Economic Development Partnership of N.C., other partners in the project include the North Carolina General Assembly, Gaston College, Lincoln County and the Lincoln Economic Development Association.
Project Announcements
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
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
-
The CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
Midwest becomes hotspot for semiconductor manufacturing and supply industries
Q2 2024