Bosch Announces Massive $130 Million Power Tool Investment in Lincolnton

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Today Bosch announced further expansion of its manufacturing in North America through a planned $130 million expansion of its site about 30 miles north of Charlotte in Lincolnton. The site supports manufacturing of power tool accessories as part of the Consumer Goods business sector of Bosch. The expansion will create 400 new jobs over the next five years.

The Lincolnton site, which has been in operation since 1960, produces a wide range of power tool accessories for products including saws, drills and routers.

“We aim to provide local-for-local solutions to support our businesses and the expansion for Power Tools in Lincolnton is further evidence of our commitment to develop local manufacturing here in the region,” said Mike Mansuetti, president of Bosch in North America.

The site expansion is expected to last 24 months and will add more than 325,000 square feet to the facility. The expansion includes space for new manufacturing as well as logistics and warehousing to support manufacturing.

“It is great news that Bosch has selected to expand its North American manufacturing operations right here in Lincolnton,” said North Carolina Governor Roy Cooper. “Our state’s strong rural communities and talented workforce continue to attract businesses and provide opportunities for growth.”

The project will be supported by a Job Development Investment Grant (JDIG) approved by the state of North Carolina’s Economic Investment Committee earlier today. Lincoln County also provided local support in the form of tax abatements. In addition, the Customized Training Program available through the North Carolina Department of Commerce will provide skill development opportunities through a network of community colleges across the state.

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