German Company to Locate First Bearirng Manufacturing Facility in U.S.
Resource from: CBCC Likes:2953
Oct 20,2010
A German manufacturer of precision vehicle parts will locate a new production facility in the AdvantageWest region, with plans to create at least 79 jobs and invest $33 million over a 5-year period.
Reich LLC, a wholly owned subsidiary of Reich GmbH, is headquartered in Mellrichstadt, Germany. The new plant in Vista Industrial Park in Buncombe County will be the company’s first U.S. operation. The company is an international supplier of vehicle parts and special ball bearings. They produce gears and gear parts for transmissions, fuel injection system parts, and other precision parts for cars and trucks, as well as special ball bearings for use in power drills and office furniture.
“Reich GmbH is very excited to expand its operations to the United States with the establishment of Reich LLC in North Carolina,” said Christian Helfricht, General Manager of Reich LLC. “The Asheville area is centered among many of the top U.S. automotive suppliers, and North Carolina’s commitment to a strong business climate and job growth makes this state the best choice to locate our new facility.
“We would like to thank Gov. Perdue, the NC Dept of Commerce, the Asheville Area Chamber of Commerce and AdvantageWest Economic Development Group, who introduced us to the Western North Carolina area and the wonderful people that have helped us to make the decision to choose Asheville for our U.S. location. We look forward to a very long and mutually rewarding relationship with the Western North Carolina community and the State of North Carolina.”
“Today is a wonderful day for Buncombe County and Western North Carolina,” noted AdvantageWest board chairman Tommy Jenkins. “Reich joins a growing list of European automotive component manufacturers who have discovered the many benefits of doing business in the AdvantageWest region. Western North Carolina is known for its ability to collaborate and work together, and I’m proud of the results this effort has brought forth. We are pleased to join our many partners in welcoming this outstanding company to our community.”
AdvantageWest was the first point of contact with the company and worked for almost a year to help bring this project to the region. Other partners included the NC Dept of Commerce, NC Community Colleges and the Economic Development Coalition for Asheville-Buncombe County.
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