American Roller Bearing to Create 231 Jobs in North Carolina
12/12/2011
Family owned ARB will invest $3 to $5 million every year, for five years, in land, buildings, machinery and equipment. Based in Hickory, NC, the 100-year-old company manufactures anti-friction bearings for industrial equipment used in electrical power generation, mining and rock crushing, primary metal making, wind energy and many other industries.
ARB chose to expand in North Carolina because it has "dedicated [and] skilled workers" with "strong family values," said President Ben Succop. Currently the business employs 340 people across the state.
ARB has purchased the old Rexnord building in Burke County. After the facility undergoes renovations, Succop said it will become "a state-of-the -art roller bearing manufacturing plant."
The state's Economic Investment Committee awarded ARB a Job Development Investment Grant to help with the expansion. If targets are met, the firm is eligible to receive up to $2 million in benefits.
Project Announcements
ValorFlex Packaging Plans Bowling Green, Kentucky, Production Operations
06/30/2025
Neuro.io Plans Terrebonne Parish, Louisiana, Operations
06/30/2025
Germany-Based MTU Maintenance Expands Fort Worth, Texas, MRO Operations
06/30/2025
Cascade Die Casting Group Expands High Point, North Carolina, Manufacturing Operations
06/30/2025
BuildOps Plans Raleigh, North Carolina, Operations
06/30/2025
Point Blank Enterprises Plans Wakulla County, Florida, Operations
06/30/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024