Company Plans To Add 89 Jobs In ENC

Hydraulic Cylinders Inc. plans to expand its production facility in Duplin County, adding 89 jobs and investing $3.4 million over the next three years.

Gov. Beverly Perdue said in a news release Friday that the One North Carolina Fund will make a $92,000 grant as part of the company's incentive package. The grant is contingent on a local match and the company meeting certain job creation and investment standards.

Precision Hydraulic is based in Wilmington and have four manufacturing facilities located in Beulaville and Wallace, N.C., Cramlington, England, and Chennai, India.

The company makes hydraulic cylinders that are used in mobile equipment like forklifts and large earth moving equipment.

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  • by dsb Location: duplin county on Jan 28, 2011 at 07:07 PM
    Gosh I'm a 56 year old female fixing to be unemployeed do you think I can get one of these 89 jobs.
  • by who cares Location: grimesland on Nov 7, 2010 at 08:24 AM
    James, you think your mad about this? wait till it is announced that Fountain Powerboats has gotten a grant. you will fall out.
  • by James Location: New Bern on Nov 7, 2010 at 01:36 AM
    Well at $ 1000/job this is a lot better investment than anything obuma created, although I do not like the state giving money to private companies. It might as well be a bribe. The state has never offered me one dime for my business and I have never needed any money. It's called hard work, selling a good product that people need. If businesses can't make it on their own, they don't need to be in business. Stop giving away my tax dollars North Carolina. And about the teachers, I agree they need more money, but we need to stop wasting so much money on these new schools. It doesn't take $ 20 million to build a school building. Most schools are built on land stolen from private parties by lawyers or bureaucrats, then sold to the state with millions of dollars of profits to the land sharks. Then the under the table deals for construction, paving, landscaping, contractors, ect raise the costs. It's all a scam and taxpayers pay it all.
  • by Kimo Location: Belhaven on Nov 6, 2010 at 01:00 PM
    How many jobs do you suppose we will be able to afford to pay for out of our multi-billion dollar funding shortfall. Do you suppose this act of generosity (stupidity??) will cost any school teachers their jobs??

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