Myrtle Beach Online - News, Sports & Entertainment from The Sun News
Myrtle Beach Online's Mug Shots Index Career Builder
Search for

Web Search powered by YAHOO!
Business

Tuesday, Feb. 14, 2012

Brunswick County location weighed for Caterpillar site

- The Associated Press
email this story to a friend E-Mail print story Print 0 comments Reprint or license
Text Size:

tool name

close
tool goes here

RALEIGH, N.C. -- A Brunswick County industrial park is being scouted as a site for a Caterpillar Inc. factory that could employ more than 1,000 people to make small excavators and tractors.

Legislators and local officials briefed on the potential new employer have been told the project involves Caterpillar, said Rep. Dewey Hill, D-Columbus, whose district includes the industrial park being considered.

“In fact, that's pretty well-known,” said Hill, who has not spoken to the company.

Similar stories:

  • Business briefs | Boeing CEO: 787 problem won’t slow production

  • Michelin to build new $750 million plant in S.C.

  • Ohio economy has highs, lows as Super Tuesday approaches

  • Ohio economy has highs, lows as Super Tuesday approaches

  • S.C. hailed for returning jobs to U.S.

Word that North Carolina could be in good position to land the Caterpillar plant being relocated from Japan came last week. The Associated Press reported that Caterpillar emailed Illinois officials, telling them the factory needed ocean port access and the company had “defined a very tight search area” close to a division headquarters in Cary, but not necessarily in that city.

Caterpillar hasn't shared any plans to locate in the Raleigh suburb with the Cary Chamber of Commerce, chamber vice president Sandy Jordan said.

Company spokesman Jim Dugan declined to describe which states near the Cary division headquarters might be considered for the factory. Caterpillar plans to announce the location by April 1, start construction in the middle of next year, and be at full capacity in four to five years.

Gov. Beverly Perdue met over breakfast late last month with executives of an unnamed company she said was considering bringing 1,100 jobs to Brunswick County, her office said. State economic development officials are prohibited by law from discussing pending plans.

Hill helped instigate a 2009 change that designates the International Logistics Park for the most generous job-creation incentives that North Carolina offers in state law at $12,500 per job.

N.C. officials can add millions of dollars in additional incentives to attract a big employer, but the law requires that those only be used to sway a company also considering locations outside the state.

The site is on a four-lane highway that leads directly to the Port of Wilmington 10 miles away and boasts some of the state's lowest property taxes.

Rep. Danny McComas, R-New Hanover, said he spoke with Caterpillar weeks ago and talked up the Wilmington port.

“It offers everything that hopefully they need,” he said. The company would be unlikely to put much stock in an idea now being studied over whether to build a new port near Southport that could accommodate a new generation of super-sized cargo ships.

“I don't think Caterpillar will even take that into consideration. They're going to make a major investment and they're going to need a return. I would think they're looking for a quick payback,” McComas said.

Caterpillar already employs about 2,000 in North Carolina, including factories in Winston-Salem, Sanford and Clayton.

Caterpillar announced earlier this month that the Clayton plant will add almost 200 jobs over five years and will be its global production site for several models of small-wheel loaders. The company is adding 300 jobs by 2014 to its Sanford plant, where it builds tight-turning skid loaders used in landscaping and construction.

Caterpillar in November opened its Winston-Salem plant, where it will employ about 500 once it's at full production in two years. The factory builds axles for mining equipment in high demand as international markets expand. Factory expansion needed to meet demand has been in the works at several U.S. plants, and in China and Brazil.

Former Caterpillar chairman and CEO James W. Owens is a trustee of N.C. State University, where he earned three degrees including a doctorate.

Subscribe to The Sun News Print Edition
The Sun News allows readers to comment on stories as a privilege; the views expressed in story comments are not those of the Sun News or its staff. Readers are required to adhere to all commenting policies, and must avoid commenting behavior such as personal attacks, libelous posts or inappropriate remarks. Users in violation of The Sun News' commenting policies can have their comments blocked, removed, and/or ultimately see their account banned from the site. Some comments may be reprinted in the newspaper. Registered user names will be posted with comments.
The Sun News Terms & Conditions and Commenting Policies can be reviewed here.
   Connect with Us:
Connect with The Sun News on Twitter
Connect with The Sun News on Facebook
Sign up for The Sun News' newsletters, breaking and local news straight to your email inbox
Get up to the minute news from The Sun News Text Alerts.
Get late-breaking Weather News from The Sun News' Weather Text Alerts
Get The Sun News Newspaper online everyday, just as it appears in print
Subscribe too our RSS feeds
Twitter Facebook News
Letters
Text
Alerts
Weather Alerts Daily
E -Edition
RSS
 
Events Calendar:
Career Builder Quick Job Search
Quick Job Search
Top Jobs
Featured Advertisers