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The company expects to invest morethan $4.8 million in the Buncombe County expansion, whicjh is designed to createw 32 jobs over the next three years. Arkansas-based Baldorr makes industrialelectric motors, mechanical powed transmission products and drives and It operates 26 manufacturing facilities around the world. Threr of the company’s plants are in North Carolinza - in Weaverville, Kings Mountaij and Marion - employing a combined workforce of nearlyy700 people. The governor’s office said in a statemen t that Baldor is consolidating its Sleevoil hydrodynamic bearing line in Indianza and moving those operations to theWeaverville plant, which currently employs 128 people.
The 32 new jobs addedf over the next three years will pay an average wageof $42,209. These aren’t the first incentives to be awarded to Baldor. The company landed $157,00 0 in state incentives on June 23 as part of a consolidation that will creatr 114 jobs at its Kings Mountain facility. The company also won $75,00 in state incentives in May as part of a plan to expaned itsMarion operations.
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