News Magazine

Battery Maker Broadcasts $40 Million North Carolina Plant

Welcome to Thomas Insights — daily, we publish the newest information and evaluation to maintain our readers updated on what’s occurring in business. Join right here to get the day’s prime tales delivered straight to your inbox.

A worldwide power know-how firm plans to ascertain a brand new facility in North Carolina to provide industrial batteries, state and firm officers introduced.

Daylight Batteries USA, a subsidiary of Greek firm the Daylight Group, will make investments $40 million within the new 134,000-square-foot manufacturing facility in Mebane, North Carolina, which is able to function house for manufacturing, warehousing, and distribution. The location will use robot-assisted methods to fabricate and assemble lithium-ion batteries, the corporate stated.

The undertaking is predicted to create greater than 130 jobs with a median annual wage of greater than $67,000. Daylight makes lead-acid and lithium-ion batteries for industrial use, in addition to battery charging options. The corporate at the moment operates a facility in close by Greensboro.

Todd Sechrist, Daylight Batteries USA’s CEO, stated the enlargement is a part of the corporate’s “development plan for the U.S. market.” 

The corporate is eligible for a state tax rebate of greater than $1.2 million over 12 years, offered Daylight meets hiring and funding targets. The plant is predicted to generate greater than $390 million in financial exercise in North Carolina over that span.

Picture Credit score: Bigone /

5 Classes from the Most Profitable “Shark Tank” CompaniesSubsequent Story »

Extra from Enterprise & Trade