A metal making plant plans to locate in Richmond County, creating more than 50 jobs and investing half a million dollars.
Richmond County Board of Commissioners Chairman Kenneth Robinette announced on Friday that FerroFab Inc., will build a facility in Hamlet. The company makes specialized fabricated metal components.
FerroFab plans to create 54 jobs and invest $510,000 over the next three years. The average salary at the plant is expected to be $30,019, plus benefits, officials said. Richmond County’s average annual wage is $28,548.
“The city of Hamlet is happy that FerroFab has chosen the Hamlet location for its operations,” said Hamlet Mayor Jeff Smart. “Their investment in our community will put people to work as well as place an existing industrial building back into operation.”
FerroFab is a fully owned subsidiary of Corona Machinery Corp. an international producer of specialized fabricated metal components. Corona Machinery Corp. has affiliates in Belgium, Germany, Austria and Italy.
Mark Feigenbaum, corporate counsel for Corona Machinery Corp., said local and state officials collaborated to bring the project together.
“Thanks to the North Carolina Department of Commerce, the Richmond County Economic Development and the Richmond County Board of Commissioners, in particular by its Director of Development Rick Sago who not only displayed enthusiasm for the project but was also able to combine the realities of local conditions with the requirements put forward by the project team,” Feigenbaum said.
Commissioner Don Bryant agreed.
“The announcement is an example of the work the board of commissioners has done with economic development in Richmond County when a company chooses to do business here when they were considering more than one location and more than one state,” he said. “The partnerships that have been created between the county, the state and our other economic development team members continue to work in the form of job creation and investment.”
The project was also made possible in part by a $81,000 grant from the One North Carolina Fund. Through use of the One NC Fund, more than 60,000 jobs and $11 billion in investment have been created since 2001. Other partners that helped with this project include: the N.C. Department of Commerce, N.C. Community Colleges, Richmond County, the city of Hamlet and North Carolina’s Southeast.
“We are very excited to support the county’s efforts to bring FerroFab here,” said Richmond Community College President Dale McInnis. “We are looking forward to working with them as they get set up. We are working with them on identifying candidates for jobs and hope to have training in place for them later; we are still in discussion right now. I hope they will look to us for training.”
— Staff Writer Dawn M. Kurry can be reached at 910-997-3111, ext. 15, or by email at firstname.lastname@example.org.