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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