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conjunction with the Buncombe County Commission, Asheville City Council, and the Economic
Development Coalition for Asheville-Buncombe County (EDC), Linamar announces a
$190 million investment in facilities and equipment and 400 new positions at
its Arden campus. This commitment is an increase of $115 million and 150 jobs
to Linamar’s second announcement in June of 2012, which encompassed a $75
million investment and 250 new employees. Linamar is a diversified global
manufacturing company of highly engineered products with facilities across
North America, Europe, and Asia.
Today’s announcement represents a new product line for Linamar Asheville
bringing state of the art machining of high-technology transmission gears for
the automotive industry. These gears are a critical component to improved
passenger car fuel economy. Currently, the Asheville location makes engine
blocks for major industrial brand names including Caterpillar and Volvo
Since purchasing the Volvo Construction property three short years ago Linamar
has grown to approximately 200 employees. Renovation of its second building on
the campus will begin this fall, and hiring is expected to begin as early as
first quarter of 2015.
"We are very excited about our continued expansion in North
Carolina," said company CEO Linda Hasenfratz, "Expanding our gear
business globally is a key priority for us, and we plan to create a state of
the art facility here in Asheville to do just that."
“It’s fantastic to see Linamar expanding here in Buncombe
County. The County Commissioners are proud to be a part of helping to
bring additional jobs to our county through a world class company that
recognizes the dedication and highly adaptable skills of our workforce.
I’m proud of Linamar’s management and its employees as they continue to grow in
our community,” commented David Gantt, Chairman of the Buncombe County
“Today’s announcement by Linamar is great reinforcement that Asheville is
working in the global economy. As a corporate citizen, Linamar mirrors
many of our city’s strategic goals, including a commitment to sustainability,
diversity, fiscal responsibility, and serving as a high performing
organization. We appreciate Linamar’s growing presence in Asheville, and
we are excited about the creation of hundreds of advanced manufacturing
positions in the City,” said Asheville Mayor Esther Manheimer.
“Linamar’s success elevates Asheville’s growing reputation as a national
leader in advanced manufacturing. There are only a few plants in the
world that can produce products with such refined tolerances. We are extremely
pleased Asheville has been selected for this project,” said Paul Szurek, EDC
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