The Concord-based headquarters of Oiles America Corp. has fueled job growth over the past 20 years while vastly growing its size.
On Aug. 28, the company celebrated the grand opening of a $6million, 48,000-square-foot expansion of its manufacturing facility in the International Business Park, between Poplar Tent Road and N.C. 73.
The subsidiary of Oiles Corp. of Japan moved its North American corporate headquarters to Concord from Detroit in 1991.
Oiles America is an internationally recognized leader in maintenance-free bearing products. Learn more at oiles.com.
This is the companys third expansion since moving to Concord. It employs 163 workers and is expected to add 30 more jobs by 2015.
Oiles America completed its first expansion in 1996, adding 17,115 square feet to its Concord plant. Nine years later, it added more than 31,000 square feet to its manufacturing and corporate headquarters.
Cabarrus County granted the company a $95,098 tax incentive grant to help make that first expansion possible. No incentives were given for the latest expansion, according to Oiles America representatives.
Company president Hiroshi Harry Suda said the Concord facility has grown in 22 years from 27,600 square feet to 125,000 square feet. The latest expansion is expected to increase production capacity by 75percent.
Branson Jones, who was executive vice president of economic development and industrial recruiting for the Greater Cabarrus County Economic Development Corp. from 1986 to 1990, helped recruit the company to Concord. Jones then later worked for Oiles America as a vice president; he died in 2010.
At the grand opening, Concord Mayor Scott Padgett said increased manufacturing would help carry the local economy through its recovery.
Oiles Americas expansion will help increase productivity and opportunity right here in Cabarrus County and throughout our region, said Padgett. This investment will benefit our region immensely.
The project was completed to help increase manufacturing capacity and enable the company to expand its product line. Included in the expansion are increased research and development facilities, and renovations to existing office and warehouse spaces.
The project also will incorporate energy efficiency technology and occupancy sensors, and it has the potential to use solar energy in the future.
The purpose of the expansion is to increase production capacity to correspond with increasing customer demand and allow us to introduce additional product lines to our portfolio for future growth of business in the North and South American market aligned with our long-term global goals, said Suda.
Preparation for the expansion began three years ago. A design/build team of local subcontractors many of whom worked on the original construction provided guidance throughout the process.
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