Gibbs Investment Will Bring 46 Jobs
October 19, 2016
It was announced that Gibbs Die Casting (Henderson, North Carolina) will expand its North American manufacturing complex in Henderson with a $10 million investment projected to create 46 full-time jobs.
“We are grateful that the relationship Gibbs Die Casting and the Commonwealth of Kentucky have forged over more than 50 years continues to strengthen,” Kentucky Gov. Matt Bevin said. “We are encouraged by their latest expansion, and recognize that this investment will deepen the company’s commitment to Henderson County for many years to come.”
Gibbs will invest in new equipment and building modifications in Henderson. The company supplies aluminum die-cast-and-machined and assembled components for automotive and some non-automotive customers.
The Henderson campus currently operates two diecasting plants and a machining plant. The expansion will re-open an additional diecast plant and an additional machining facility.
“Gibbs Die Casting is extremely excited with our upcoming casting and precision machining expansion projects in Henderson,” said Steve A. Church, president and CEO, Gibbs. “The facility and production equipment investments will allow Gibbs to advance our technology and secure our future as one of Henderson’s largest employers. We are grateful to the state of Kentucky for the approval of incentives under the Kentucky Business Investment Program and to Kyndle for their continued local support.”
Sen. Dorsey Ridley discussed the company’s long history in the community when speaking about the project.
“Having been headquartered in Henderson for more than five decades, Gibbs Die Casting has been a good corporate partner,” Sen. Ridley said. “I applaud the company’s continued success and the resulting new jobs. Our community stands ready with a skilled workforce to meet all the company’s future needs.”
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in August preliminarily approved the company for tax incentives up to $800,000 through the Kentucky Business Investment program. Additionally, KEDFA approved Gibbs Die Casting for up to $35,000 in tax incentives through the Kentucky Enterprise Initiative Act (KEIA).