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Davie weighs package offer
Ingersoll Rand may add 20 jobs in consolidation
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Published: June 19, 2009
MOCKSVILLE - Ingersoll Rand could get as much as $370,000 in economic-development incentives if it follows through on a consolidation that would bring 20 new jobs to the area.
The town of Mocksville and Davie County will have a joint public hearing at 5:30 p.m. July 6 at the Davie County Administration Building to consider the incentives.
The company makes air compressors, tools, fluid handling and other products, and it employs 64,000 people around the world.
Last week, the company said it would expand its Mocksville work force by 20 jobs by Aug. 31 and that it would spend $18.5 million on capital investments at the plant.
It is consolidating part of its integrated compressor-manufacturing operations into the Mocksville plant, including moving equipment from its plant in Pueblo, Colo.
The consolidation is the second local move for Ingersoll Rand in the past eight months.
In November, Ingersoll Rand said it would add 118 jobs in Mocksville by June 30 as part of consolidating its production operations in the town of Davidson.
But the company said in March that it expects to add fewer jobs as part of that consolidation.
Susan Jaramillo, the director of communications for the industrial-technology sector of the company, could not be reached for comment yesterday.
Under the incentives proposal being considered, Mocksville would offer up to $148,000 in incentives and Davie County would provide $222,000.
The incentives are contingent on the company making the $18.5 million investment and adding 20 new jobs.
"We certainly want the jobs, but where we hang our hat is on the investment," said Terry Bralley, the president of the Davie County Economic Development Commission.
Bralley said that the company won't get anything until the investment starts showing up in the tax books.
The plant has operated in Mocksville since 1965. It had grown from 75 employees to more than 600 employees.
But the company has conducted major job cuts in November, February and March, affecting a combined 225 jobs. About 110 of those jobs were related to the outsourcing of its sheet-metal business, and the others were related to declining sales and reductions in production volume.
"This is not expansion by additional square footage," Bralley said. "They're reinvesting in the facility, which is a good sign for us."
■ Michael Hewlett can be reached at 727-7326 or at mhewlett@wsjournal.com.
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