Lincoln County will soon be home to a second Brazilian company, bringing with it the creation of almost 130 jobs over the next three years.
Borghetti Turbos has decided to locate its North American headquarters in Lincoln County, officials with the Lincoln Economic Development Association announced Tuesday afternoon.
The company, which has been considering the area for its U.S. operations for the past two years, plans to build in the Lincoln County Industrial Park, investing roughly $7 million and creating 127 jobs over a three-year period.
The decision was part of a collaborative effort between LEDA, Lincoln County, the Charlotte Regional Partnership and No Borders Consulting Group, headed up by former Sabo USA executive and Denver resident Panico Peres. Sabo, another Brazil-based company, is also located in the Lincoln County Industrial Park.
Peres, president and CEO of No Borders, along with David Spratley with the N.C. Department of Commerce, worked closely with Borghetti and provided requested information about the area, noted the press release from LEDA.
This followed a trip to Brazil and presentation by LEDA in 2010.
“The quality of life, accessibility to the Charlotte Douglas International Airport and professional sports, coupled with the professionalism in the way the project was handled by LEDA, the N.C. Department of Commerce and Lincoln County, as well as the fact that the labor pool was strong, were the deciding factors in locating in Lincoln County,” Peres said.
As the Times-News previously reported, LEDA Business Development Manager Crystal Gettys has been working to land the company for some time, having recently gotten the county’s Board of Commissioners to approve a ground lease for it, to stand in place of a traditional incentive package.
Borghetti is a family-owned company that has been in operation for more than 45 years. A manufacturer of turbo diesel engines, the company is considered a “green” one for the environment and sells its products in more than 50 countries worldwide.
It has expanded and developed new brands over the years, now offering high-end technology in turbos to a variety of markets, including automotive, industrial and naval, in addition to continuous improvements in special projects.
The company, which has grown exponentially in Brazil, especially through exports, cites this recent growth as reason behind its needed expansion into the United States. It will also be able to ship its products from North Carolina to its major markets in South Africa and Eastern Europe just as competitively as from its home country, while creating an opportunity to develop the American market in the future.
“We appreciate this expression of confidence in Lincoln County and are sure that Borghetti Turbos will find Lincoln County welcoming and an excellent place to do business,” LEDA Board Chairman Tom Anderson said.
At its planned Lincoln County facility, the company will be manufacturing turbos for automotive application through tight-tolerance machining.
“In light of the competitive nature we face with all projects, we do not take lightly that Borghetti Turbos chose Lincoln County for their U.S. headquarters,” Board of Commission Chairman Alex Patton said. “We are committed to ensuring that their choice was a good one, and we look forward to following their success here.”