Japan-based Dowa Thermotech Plans Sanford, North Carolina, Operations Complex
08/29/2018
Dowa Thermotech is a subsidiary of Dowa Holdings Co. Ltd., a global company operating in a wide range of industry sectors including nonferrous metals, metal processing and environmental management and recycling. Dowa Thermotech specializes in the manufacture of industrial furnaces and offers high quality commercial heat treatment services. The company provides heat protection for metal engine parts, transmissions and other rotating elements that operate in harsh environments.
“I hear that North Carolina has been chosen as the easiest state to live at all times and it is truly our honor to build our new factory in this a wonderful state,” said Ryuji Tsuji, President for Dowa Thermotech. “We dream of building a great factory in this area with your support.”
A performance-based grant of $220,000 from the One North Carolina Fund will help facilitate Dowa Thermotech’s move into Lee County. 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 a matching grant from local governments and any award is contingent upon that condition being met.
“We welcome Dowa Thermotech to North Carolina’s growing roster of Japanese companies,” said Commerce Secretary Anthony M. Copeland. “From Tokyo to capitals around the globe, North Carolina’s reputation as an outstanding business location is well known.” N.C. Commerce and the Economic Development Partnership of N.C. were instrumental in supporting the company’s decision to locate in the state.
“Dowa Thermotech is the latest example of an international company choosing North Carolina as the perfect location to do business,” said Governor Roy Cooper. “North Carolina competes with the top locations anywhere in the world, thanks to our strong business environment, world-class workforce, and high quality of life.”
“Many people and local organizations pulled together to help this company locate into our region,” said N.C. Representative Robert Reives. “We’re proud of this collaboration and stand ready to assist Dowa Thermotech as they begin to grow in North Carolina.”
In addition to North Carolina Commerce and the Economic Development Partnership of North Carolina, other key partners in the project include the North Carolina General Assembly, the North Carolina Community College System, North Carolina State University, the North Carolina Japan Center, Lee County, the City of Sanford, and the Sanford Area Growth Alliance.
Project Announcements
Eastman Plans Longview, Texas, Production Operations
03/27/2024
DHL Supply Chain-Vantage Data Centers NV11 Plan Nevada Operations
03/26/2024
Big Jet Expands Pittsburgh, Pennsylvania, Operations
03/26/2024
Landmark Ceramics UST Expands Mt. Pleasant, Tennessee, Operations
03/25/2024
Google Plans Cedar Rapids, Iowa, Data Center
03/25/2024
Canada-Based Premier Tech Establishes Williamsport, Pennsylvania, Operations
03/25/2024
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
-
The Logistics Analysis That Drives Industrial Site Selection
Q4 2023
-
Manufacturing Momentum Is Building
Q1 2024
-
Technology’s Influence on Workforce Development
Workforce Q4 2023
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023
-
Industry in the Era of the Electron
Q1 2024