RALEIGH – Precision Swiss Products, a California-based precision manufacturing firm which targets the aerospace industry, will build a new headquarters and hire more than 100 skilled machinists near Wilmington.
The company will receive some $2 million in state and local tax incentives, according to an agreement reached with the N.C. Department of Commerce. The incentives were approved by the Commerce Department’s Economic Investment Committee.
“We are excited to be moving our headquarters and significantly expanding our manufacturing footprint in North Carolina,” said Norbert Kozar, CEO of Precision Swiss Products. “We look forward to a long and mutually beneficial partnership with the State of North Carolina and Brunswick County working together to create these highly skilled jobs and look forward to working with the local colleges in providing training for future jobs as we grow our business.”
The 5,000 square foot manufacturing and HQ facility will be located in Leland.
Some 125 jobs will be created between 2022-2026.
Wages will be at least $54,025.
Investment from the company will total nearly $9.4 million.
PSP selected North Carolina over three other states, including Nevada, Texas and South Carolina.
“Companies continue to find confidence in North Carolina’s ability to support their strategic growth plans,” said N.C. Commerce Secretary Machelle Baker Sanders. “The strength of our manufacturing economy, the productivity of the largest manufacturing workforce in the southeastern United States, and our dynamic workforce development partnerships are the right tools for an innovative company like Precision Swiss Products to succeed.”