The recently acquired Portable Power business unit of Doosan Infracore has acquired a manufacturing and office location in Statesville, N.C., where it intends to produce air compressors, light towers and portable generators to supply global markets.
The location has 473,000 sq. ft. (44,000 sq m) of manufacturing and office space built on approximately 97 acres (39 ha) of land. It is anticipated that the move will create 60 new jobs in Iredell County, N.C., with the overall number of employees at the site reaching close to 400.
“We are extremely excited by this acquisition,” said Larry Silber, president of Doosan Infracore Portable Power. “Once again, Doosan has demonstrated its commitment to our construction markets by investing in a world class manufacturing location that will help Portable Power meet its aspirations to double our business by 2012.
“Located on the crossroads of Interstate 77 and Interstate 40, the brownfield site was previously owned by Dana Corporation and is ideally located to support our North America and international businesses.”
It is anticipated that the manufacturing operations will begin to transition from the current location in Mocksville, N.C., in April 2008, with completion expected by 2008 fourth quarter. Additionally, the business will move its headquarters from Davidson, N.C., to the Statesville location, as well as incorporating a number of satellite distribution centers.
Today's top stories