MAIDEN, N.C. (AP) — A British-based company that manufactures parts for automakers plans to expand a North Carolina factory by nearly 230 jobs over five years.
A state committee that reviews big tax breaks Tuesday approved a deal that would send up to almost $7 million in state and local benefits to GKN Driveline in Newton if job-creation and other targets are reached.
The company employs nearly 700 people at its Catawba County facility, much have which has been operating under different ownership for nearly three decades.
GKN Driveline describes itself as a leading global supplier of automotive components that transmit power from a vehicle's engine to the wheels in the most efficient way. The company has almost 60 locations in 22 countries worldwide, including other North Carolina sites in Sanford, Mebane and Timberlake.