Some foreign direct investment projects top the week’s site selection and job creation announcements:
In the Charlotte USA region, Denver Global Products Inc., a subsidiary of Chongqing RATO Power Co. Ltd., is building manufacturing, distribution and research facilities in Lincoln County. The company, a subsidiary of a Chinese-based manufacturer of thermo-power products and general-purpose engines for all-terrain vehicles, motorcycles, water pumps and generators, plans to create 450 jobs over four years and make a capital investment of $30.2 million in Lincoln County, N.C.
In Indiana, VOSS Automotive Inc. plans to build its North American headquarters in Fort Wayne. The German-based manufacturer of customized fluid handling solutions for automotive and industrial applications plans to build a new 35,000 square-foot facility, including 25,000 square feet of office space and 10,000 square feet that will house a fully equipped design validation lab and prototype shop.
In Mississippi, Dennen Steel Corp. has opened a new 50,000-square-foot manufacturing facility at Yellow Creek Port in Iuka. The project represents a $7.4 million company investment and is creating 50 new jobs. Dennen Steel, a contract stamping manufacturer of steel products, will purchase large master coils from steel mill producers and process steel slit coil into precision stampings, fabricated metal parts and assemblies at the Tishomingo County facility.
In Kansas, software company LockPath is expanding in Overland Park. The company, which provides governance, risk, and compliance (GRC) applications. LockPath expects to increase its employee base by 400 percent over the next five years, adding nearly 100 new employees. The company will move to a larger office space in Overland Park in the coming months to accommodate its rapid expansion.
In Minnesota, an Ohio-based manufacturer of equipment for the production, storage and end-use of hydrocarbon and industrial gases has broken ground on a $23 million expansion project that will bring 80 new jobs to New Prague. Chart Industries plans to build a 111,525-square-foot manufacturing facility on a 24.5-acre site adjacent to its existing facility.