NTN Driveshaft is planning a $90 million dollar expansion to their Walesboro plant that could bring up to 100 jobs over the next five years.
Our news-gathering partners at The Republic are reporting that the company will be adding a 20,000 square foot expansion to the already 1.35 million square foot facility, as well as remodeling 60,000 square foot of space in the existing building. The company will be adding forging capability and production facilities.
The investment will include $8 million for the building expansion and $82 million for new manufacturing equipment.
The company says the new jobs will have an average wages of $17.30 an hour, according to documents filed with the city. The company already employs about 1,575 people. Company officials said 74 new employees would be added by 2020.
The City Council is scheduled to hear a request for a tax abatement on the project at its meeting tonight at 6 p.m. at City Hall.
You can read more information at www.therepublic.com