Tuesday (May 7), Governor Pat McCrory and N.C. Commerce Secretary Sharon Decker announced that Borghetti Turbos North America, Inc., a manufacturer of turbochargers, gas turbines, compressors and other related automotive parts, will open a new facility in Lincoln County.
The company plans to create 127 jobs and invest more than $3.7 million over the next three years in Lincolnton. The project was made possible in part by a performance-based grant from the One North Carolina Fund of up to $99,000. The grant is contingent upon proof of job creation and receipt of a local funding match.
“Secretary Decker and I are working together to ensure that we’re attracting new companies to North Carolina that fit with the job sectors we want to promote,” said Governor McCrory. “Advanced automotive manufacturing is a strong industry for us and we’re excited to welcome Borghetti Turbos to the North Carolina family.”
Borghetti Turbos is a privately owned company with its international headquarters in Sao Marcos, Brazil. The company plans to open its first North American manufacturing facility in Lincoln County to manufacture turbochargers for its customer base in the U.S., South Africa and Eastern Europe. The company’s products are marketed under the Master Power brand and used in commercial trucks, high-performance automobiles, as well as marine and industrial applications.
David Spratley served as the developer on the project for the North Carolina Dept. of Commerce.