Fletcher Business: Meritor’s $40 Million Expansion Will Create 40 Jobs

Meritor’s $40 million expansion will create 40 jobs

Meritor, one of the world’s leading providers of transmission, mobility, braking, secondary market and electric powertrain solutions for commercial vehicles and industrial markets, announced plans to expand its Fletcher plant by investing $40 million in machinery and equipment and creating 40 new jobs.

Since opening in 1982, Meritor has established itself as an integral part of the local economy by providing high-quality, well-paying careers to the citizens of Henderson County. The company will continue this 40-year legacy with the addition of The average salary for new positions is expected to exceed the county average salary. The company’s investments will continue until 2026.

“There is no doubt that today’s market is challenging. We are pleased that despite the challenges, Meritor management wants to continue to invest in Henderson County,” said Richard Robinson, Meritor’s chief operating officer.

Meritor manufactures 70% of the Class 8 commercial vehicle axles on North American roads. The Henderson County plant has nearly 500 employees. The investment will focus on new technologies that will improve production capabilities and accelerate the Smart Factory model that many companies are adopting in order to stay competitive in today’s market.

“The existing industry is the heart of Henderson County,” said Stephen Gwaltney, current chair of the Henderson County Economic Development Partnership. “The Henderson County Economic Development Partnership focuses on businesses that have the tools and resources to succeed. Meritor is a great example of a business that is integrating into the community through programs such as the Learning Made in Henderson County We look forward to a bright future.

In October, the company will celebrate 40 years in Henderson County. Based in Troy, Michigan, Meritor serves commercial truck, trailer, off-road, defense, specialty and aftermarket customers worldwide. The Henderson County plant uses advanced manufacturing processes in its assembly, gear and axle housing operations.

“Before I was commissioner, I was a civil engineer, and the Rockwell (Meritor) project was a project I worked on,” Henderson County Board of Commissioners Chairman Bill Lapsley said. businesses are growing here and taking care of our citizens with quality jobs. It’s a special time to celebrate 40 years with more investment in Henderson County.

The project was supported by a Henderson County Economic Development Assistance Grant, the OneNC Fund, and customized training from the North Carolina Community College System through Blue Ridge Community College.

Robert M. Larson