Doosan Bobcat North America, West Fargo, North Dakota, announced plans for a $70 million expansion of its Statesville, North Carolina, manufacturing facility. The company will construct an additional 580,000 square feet for its manufacturing operations, which will create 250 new, full-time jobs over the next five years in Iredell County. The construction is expected to begin July 2021, with full project completion expected May 2022.
The announcement comes on the heels of an earlier $11 million facility upgrade at Statesville, which was completed in January. This new investment will enable the company to meet demand for Doosan Bobcat products.
“This level of investment demonstrates our commitment to North Carolina, which has been an important manufacturing location for us since 2008,” says Mike Ballweber, president of Doosan Bobcat North America. “We are dedicated to the continued expansion of our compact equipment line to help empower our customers to accomplish more, and our Statesville location has been an important part of this success.”
Doosan Bobcat’s $70 million investment in the Statesville facility through construction of the new expansion spaces and equipment purchases will grow the floorplan from nearly 500,000 square feet today, to more than 1 million square feet when complete. The company’s acquisition of 68 acres adjacent to the current 92-acre campus will allow for the addition of 500,000 square feet of attached manufacturing space and 80,000 square feet of attached warehouse and distribution space.
The investment will also bring additional employment opportunities and economic growth to the area. The Statesville operation’s current team of 400 full-time employees will grow substantially through this project, which will result in the creation of 42 new jobs in the first two years, and up to 250 new jobs in five years.