ALBEMARLE — On Wednesday, Oct. 20, Gov. Roy Cooper announced that Custom Alloy Corporation (CAC) has decided to locate a new facility in Stanly County. The Badin plant will manufacture industrial products for the U.S. Navy. CAC largely makes pipe fitting and forgings.
“North Carolina’s rural locations provide the perfect home for manufacturers of every stripe,” Cooper said in the release. “It’s great that Custom Alloy Corporation has chosen to continue their important work for our U.S. Navy right here in North Carolina, the most military-friendly state in the nation.”
The plant is expected to create 40 jobs, and CAC says they are investing $8.1 million to make the facility a reality. According to the release, the pipe products CAC manufactures are “for many specialized markets, including power generation, petrochemical, refining, gas transmission, subsea, aerospace, mining, nuclear marine, and defense and military. Some of the company’s forgings can reach up to 100,000 pounds in size. CAC also manufactures critical components for U.S. Navy submarines and aircraft carriers.”
“We would like to thank all North Carolina economic development members for their hospitality and hard work,” said CAC president Adam M. Ambielli. “Custom Alloy has a rich history of manufacturing, and we are a proud family owned business. We’re excited to be part of the North Carolina family.”
The Badin facility is going to be home to CAC’s “Navy Fitting Product Line” and their “Specialty Pipe Product Line.” The location in Stanly County will allow them to quickly deliver to military facilities in the area with “less turbulence in the supply chain for these important components.”
“We welcome Custom Alloy Corporation to Stanly County” said N.C. Rep. Ben Moss Jr., who represents the area in the state House. “We’re excited to see these new jobs come to our region and we appreciate the important work this company will be undertaking in support of our nation’s defense.”
N.C. Sen. Carl Ford, who represents the area in the state Senate, also commented on the announcement, saying, “Many people and local organizations worked together behind the scenes to make this project possible. Everyone in Stanly County now stands ready to offer continued support for Custom Alloy Corporation as they begin manufacturing operations in Badin.”
The N.C. Department of Commerce and Economic Development Partnership of N.C. said they worked with a wide variety of partners in facilitating the deal with CAC, including: the state General Assembly, the North Carolina Community College System, Duke Energy, Piedmont Natural Gas, Stanly Community College, the Town of Badin, Stanly County and the Stanly County Economic Development Commission.
A $100,000 grant from the One North Carolina Fund was also provided to make the Badin site more competitive with other possible locations. According to the release, “Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All OneNC grants require a matching grant from local governments and any award is contingent upon that condition being met.”
CAC says the jobs they are bringing will average $42,458, though the salaries will vary depending on the position. This is more than $7,000 over the average Stanly County salary of $32,420.