Kendrion plant in Shelby to add 57 jobs in expansion

Kendrion FAS Controls will add 57 jobs and invest $7.3 million as part of an expansion to its manufacturing plant in Shelby, state and company officials announced Monday.

The company makes electromagnetic systems for vehicles and other products. It currently employs more than 200 at its 189,000-square-foot Shelby facility.

The average wage for the new jobs will be $32,544, plus benefits, according to a news release. The state's One North Carolina Fund gave a $228,000 grant as part of the economic development project. April Bethea

Joe Mann Builders bought

Southeastern Construction and Development has bought Joe Mann Builders. Both Charlotte companies specialize in commercial construction.

Five employees of Joe Mann Builders will join Southeastern, whose clients include Bank of America, Sedexo Inc. and Morehead Properties.

"We're seeing a good market now for our interior upfit business, both office and retail," said Kevan Smith, a partner in Southeastern.

Joe Mann Builders had been looking for new leadership after the death of founder Joe Mann in July. Southeastern Construction and Development was founded by president David Fry in 1997. Kerry Singe

Duke expands China deal

Duke Energy on Monday expanded a research collaboration with China Huaneng Group into capturing carbon dioxide from coal-fired power plants.

Huaneng Group, China's largest power producer, developed a facility in 2009 to catch 120,000 tons a year of the carbon dioxide the 1,320-megawatt Shidongkou power plant emits. An expanded agreement with Duke signed Monday includes an engineering study of applying that process to a unit of Duke's Gibson plant in Indiana.

Duke says it has no plans, for now, to modify Gibson, its largest power plant. The study will be paid for by the U.S.-China Clean Energy Research Center. Bruce Henderson

S.C. share: $33.8 million

South Carolina will receive $33.8 million as part of the multibillion-dollar settlement between states, federal agencies and the country's largest mortgage servicers, the S.C. attorney general's office says.

The $25 billion settlement with Bank of America Corp., Wells Fargo & Co., JPMorgan Chase & Co., Citigroup Inc. and Ally Financial Inc. was announced Thursday.

North Carolina will receive $338 million, most of which will go to principal reduction for underwater borrowers in default or at risk of default.

South Carolina did not break down where most of its money will go. But officials did say that in addition to a $32.8 million general share in the settlement, the state's banking regulator will get $1 million for foreclosure prevention and education. Andrew Dunn

130 new jobs for Tega Cay

A $30 million assisted-living community will be built in Tega Cay, officials announced Monday.

Wellmore, a 130,000-square-foot community, will be built in the Stonecrest development, with frontage on S.C. 160. It will offer assisted-living apartments, memory care and skilled nursing services, as well as a 25,000-square-foot community clubhouse and wellness center for residents.

Construction is expected to begin in July. Wellmore, part of Charlotte-based Senior Living Communities, is anticipated to open in January 2014.

Wellmore will bring 130 jobs to the area, including nursing positions, quality management jobs, administrators and direct-care providers. Hiring will begin four to five months before the facility opens, officials said Monday. Fort Mill Times