Governor Bev Perdue announced Oct. 15 that Denver Global Products, Inc., a subsidiary of Chongqing RATO Power Company Ltd., will establish its manufacturing, distribution and R & D facilities in Lincoln County. The project was made possible in part by a Job Development Investment Grant. To meet the targets established in this performance-based grant, the company plans to create 450 jobs over four years and make a capital investment of $30.2 million in Lincoln County. The N.C. Department of Commcerce’s David Spratley was the developer on this project.
“North Carolina continues to be a top choice for companies looking to establish advanced manufacturing as well as research and development facilities,” Perdue said. “This proves how important our investment in education and infrastructure is, and that it’s resulting in good jobs for North Carolinians.”
Denver Global concentrates on innovating solutions for consumer products. The manufacturing facility will produce DGP developed products as well as RATO products. Incorporated in North Carolina in 2010, Denver Global was acquired by Chongqing RATO Power in January. The company currently employs 27 people at its Lincoln County location.
Based in Chongqing, China, RATO manufactures and distributes thermo-power products and general-purpose engines for all-terrain vehicles, motorcycles, water pumps and generators. The new Denver Global campus in Lincoln County will accommodate the company’s administrative sales, manufacturing, distribution, and research and development operations.
Other partners that assisted with this project include: the N.C. Department of Commerce, N.C. Community Colleges, Lincoln County, Lincoln Economic Development Association, the N.C. Rural Economic Development Center and the N.C. Ports Authority. Read more.
Engine Manufacturer to locate in Lincoln County N.C. (Lincoln County Economic Development Association)