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Press Release: Expansion and Investment by Enforge, LLC in Albemarle, NC. Enforge is a subsidiary of the Angstrom USA Automotive Group

Post Date:10/18/2018 2:45 PM

Albemarle-StanlyCounty-CombinedLogo 

 

 For Immediate Release: October 18, 2018

 Albemarle, NC

Enforge, LLC in Albemarle, NC, Subsidiary of Angstrom – USA Automotive Group announced today that it will be maintaining and expanding its manufacturing operations in Albemarle, North Carolina.

Enforge is adding 44 new jobs and investing $4,234,000 in building and equipment. Governor Cooper announced a $90,000 performance based grant from the One NC Fund to keep Enforge in Albemarle. Shortly after this announcement the North Carolina Rural Infrastructure Authority Board announced it will be awarding Enforge a $160,000 Rural Building Reuse Grant. The State will also be providing $50,600 for training funds. Both the City of Albemarle and Stanly County had previously approved performance based incentive grants of $100,000 and $105,000 respectively to keep Enforge “Project Steel” in Albemarle. South Carolina was offering significant incentives to entice Enforge to move to South Carolina.

“Enforge is excited to expand its current business in Albemarle,” said Angstrom Vice President of Finance Rajneesh Banga. “As Angstrom is experiencing significant growth, we selected Albemarle as our first preference to launch this business due to availability of stable skilled workforce & pro-business environment which North Carolina offers.”

Mayor Ronnie Michael stated, “An important part of economic development is the retention of local industry. The City Council of Albemarle and its employees stand ready to help our local business and industries grow with our abundant and reliable utilities and services. We are fortunate to have an established industry like Enforge trusting in our community with this huge expansion and investment. We look forward to working with the company as they continue with this planned growth. Mark Donham, our Director of Economic Development, works closely with Stanly County, Stanly Community College, the Charlotte Regional Partnership, and the State of North Carolina to assist and inform our business and industry about resources available. I was pleased with Governor Cooper’s statements and to have the State of North Carolina offer grants to keep Enforge in North Carolina. Enforge located in Albemarle in 2009 and began making automotive parts. We hope to keep them here for many more years. The City of Albemarle would like to thank our partners in the successful retention and expansion of Enforge: Governor Roy Cooper; the NC Dept. of Commerce; the NC Rural Infrastructure Authority; the Economic Development Partnership of NC; Stanly County EDC; and Stanly Community College."

Rick Williams, Chairman of the Stanly County Economic Development Commission, stated "the Stanly County EDC is very pleased Enforge and Angstrom have chosen Stanly County as the location for their expansion and business growth. We very much appreciate their investment in Stanly County, and we will continue to work closely with them to help meet their labor needs as well as maintain a positive business climate to foster their long-term economic success in Stanly County."

Enforge is a supplier of safety-critical suspension, steering, structural components and assemblies for automotive industry. Enforge is a subsidiary of Angstrom Automotive Group, LLC located in Michigan. Major products include control arms, suspension links, track bars, steering links, tow hooks, brace rods & other structural components and assemblies for Automotive OEMs. Angstrom customers include FCA, GM, Ford, Honda GE, Bosch, American Axle & Manufacturing and more. This project will bring a new capability to Enforge’s Albemarle facility, hot forging.

Albemarle is the county seat of Stanly County and located in the Charlotte USA Region. The area includes 10,000 acres of lakes, Morrow Mountain State Park, and the Uwharrie National Forest. Albemarle is within one hour of Charlotte Douglas International Airport and offers businesses a competitive cost of operations in a convenient and beautiful natural setting.

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For more information:

 Mark Donham, Director  Andy Lucas
 Albemarle Economic Development  Stanly County Manager
 144 North Second Street  1000 North First Street
 Albemarle, NC 28001  Albemarle, NC 28001
 Office: (704) 984-9419  Office: (704) 986-3601
 mdonham@albemarlenc.gov  alucas@stanlycountync.gov
 www.albemarlenc.gov  www.stanlyedc.com