ALBEMARLE — Nabell USA, a bellow manufacturer and distributor in Albemarle, has announced that it’s investing approximately $2.9 million in its existing facility and creating 15 new jobs within the next 24 months.
In the past two weeks, both the City of Albemarle and the Stanly County Board of Commissioners have approved local incentives for the company in order to encourage new investment and job creation.
“We sincerely appreciate the investments being made by Nabell,” Stanly County BOC Chairman Matthew Swain said in a press release by the Stanly County Economic Development Commission on May 18.
“These new jobs will provide a much needed shot in the arm for our local economy and hopefully help stimulate further economic activity,” Swain said. “Stanly County is extremely excited to help encourage further growth, investment and job creation by a local manufacturer.”
Nabell USA — a subsidiary of Japan’s Nabell Corporation — specializes in creating and distributing bellows and protective covers for medical, industrial and scientific applications.
“This is a great time to be in Stanly County,” Candice Lowder, Stanly County Economic Development Commission director, told SCJ. “The three announcements in May — Fiberon (New London), Charlotte Pipe (Oakboro) and Nabell (Albemarle) demonstrate that the EDC works throughout Stanly County to support economic development.”
The EDC’s hope is to build on this month’s economic momentum by supporting additional existing industry expansions and recruiting other employers from outside the county who can provide Stanly County with even more opportunities.
“It is critical to have balanced growth throughout the county to ensure the economic prosperity for all citizens by improving access to quality jobs in close proximity to where they live,” Lowder said, The EDC, she said, assists businesses by connecting them to resources that can help with their long-term sustainability and growth.
“Leveraging these programs helps make expansions such as this more affordable by improving the bottom line, which provides even more job security for their workers and opportunities for future growth for the company,” Lowder added.
The resources that the EDC provides can be financial, workforce related, real estate, promotional, or technical — they vary based on the needs of the company and the nature of the project.
“As Nabell continues to grow our Albemarle facility, we are honored to share a partnership with the City of Albemarle Economic Development and the Stanly County EDC,” Nabell President and COO, Don Stewart stated in the EDC press release.
“We would like to thank these departments and their directors along with Mayor Michael, the City Council members and the Stanly County Commissioners for their support in this expansion project, but most importantly their continued support that allows Nabell to provide new, career-based jobs for our community members,” Stewart continued.
Nabell opened up in Stanly County in 1998 and began making bellows and protective covers; eleven years later, the company moved to 208 Charter St. in Albemarle.
“We are fortunate to have an established industry like Nabell USA trusting in our community with this significant expansion, investment, and creation of jobs,” Albemarle Mayor Ronnie Michael stated in the press release. “We look forward to working with them as they continue with this planned growth.”
“We hope to keep them here for many more years. An important part of economic development is the expansion of local industry. The City Council of Albemarle stands ready to help our local business and industries grow with our abundant and reliable utilities and services,” Michael added.
“The City of Albemarle and its Department of Economic Development would like to thank our partners in the successful retention and expansion of Nabell: Stanly County EDC, the Economic Development Partnership of NC, and Stanly Community College.”