Automotive Engine Manufacturer to Create 127 Jobs in Lincoln County

Today, Governor Pat McCrory and N.C. Commerce Secretary Sharon Decker announced that Borghetti Turbos North America, Inc.,  a manufacturer of turbochargers, gas turbines, compressors and other related automotive parts, will open a new facility in Lincoln County.   
 
The company plans to create 127 jobs and invest more than $3.7 million over the next three years in Lincolnton.  The project was made possible in part by a performance-based grant from the One North Carolina Fund of up to $99,000. The grant is contingent upon proof of job creation and receipt of a local funding match.
 
“Secretary Decker and I are working together to ensure that we’re attracting new companies to North Carolina that fit with the job sectors we want to promote,” said Governor McCrory. “Advanced automotive manufacturing is a strong industry for us and we’re excited to welcome Borghetti Turbos to the North Carolina family.”
 
Borghetti Turbos is a privately owned company with its international headquarters in Sao Marcos, Brazil.  The company plans to open its first North American manufacturing facility in Lincoln County to manufacture turbochargers for its customer base in the U.S., South Africa and Eastern Europe.   The company’s products are marketed under the Master Power brand and used in commercial trucks, high-performance automobiles, as well as marine and industrial applications.
 
“Our highly-skilled workforce is a major reason why North Carolina is home to such a strong automotive manufacturing cluster,” said Sharon Decker, N.C. Secretary of Commerce. “Our strong transportation options are also a key factor in Borghetti Turbo’s decision to locate in North Carolina and we must continue to invest in job training programs, education and critical infrastructure.”
 
Salaries will vary by job function, but the average annual payroll for the new jobs will be nearly $4.1 million.
 
“The State of North Carolina understood that other states and regions were offering comparable incentive packages. Therefore, in the end, the intangibles related to the Charlotte region as a whole and Lincoln County gave North Carolina the advantage,” said Eduardo Borghetti, President of Borghetti Turbos North America. “Quality of life attractions including professional sports, a similar year-round climate as Brazil, cultural arts and proximity to the beach and the mountains were among some of the key reasons that led to our final selection.”
 
The One NC Fund provides financial assistance, through local governments, to attract business projects that will stimulate economic activity and create new jobs in the state. Companies receive no money up front and must meet job creation and investment performance standards to qualify for grant funds. 
 
“I consider it to be a proud day for North Carolina with Borghetti Turbos recognizing Lincoln County as an ideal place to establish deeper roots,” said Sen. David Curtis. “This is a step in the right direction as we work tirelessly toward bringing manufacturing jobs back home and improving the economy.”
 
"I want to congratulate Borghetti Turbos for their decision to locate in North Carolina. These new jobs will provide a much-needed boost for Lincoln County and the surrounding area," said Rep. Jason Saine. "We must continue support manufacturers like Borghetti Turbos by making strategic investments in workforce training and critical infrastructure."
 
Other partners that helped with this project include: the N.C. Department of Commerce, N.C. Community Colleges, Lincoln County, Lincoln Economic Development Association and the Charlotte Regional Partnership.