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Friday, November 8, 2024

South African Advanced Manufacturer Invests $9 Million in Forsyth County, Creating 32 Jobs

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North Carolina Governor Roy Cooper | governor.nc.gov

North Carolina Governor Roy Cooper | governor.nc.gov

Radél, Inc., a global manufacturer of electro-mechanical components, has announced its plans to establish a new production facility in Forsyth County, North Carolina with a $9 million investment. The move is expected to create 32 jobs in the area.

Governor Roy Cooper expressed his enthusiasm about the company's decision, stating, “We’re pleased to welcome another international advanced manufacturer to North Carolina. The state’s investments in workforce training and education programs continue to pay off, bringing more jobs and private investment to the state and growing our global reputation as a great place to do business.”

Francois Rademeyer, CEO of Radél, shared his excitement about the company's expansion, saying, “We are thrilled to establish Radél's presence in North Carolina, reflecting our commitment to growth and innovation in the United States. The tremendous support from the EDPNC and the warm hospitality of the local community have been instrumental in our decision."

North Carolina Commerce Secretary Machelle Baker Sanders highlighted the state's attractiveness to international companies, stating, “North Carolina attracts companies and investment from all around the world."

The new facility in Winston-Salem will focus on pioneering innovations in power electronic assemblies, catering to the needs of the heavy-vehicle sector and the defense industry. The company aims to strengthen its presence in the United States and ensure compliance with trade agreements.

In addition to creating job opportunities, the investment is expected to boost the local economy. The average annual wage for the new positions will exceed the county average, bringing an additional $2 million into the economy each year.

Local officials, including N.C. Representative Amber Baker and N.C. Senator Joyce Krawiec, expressed their support and enthusiasm for Radél's decision to establish a presence in the region, emphasizing the collaborative efforts that made the investment possible.

Various organizations and governmental bodies, including the North Carolina Department of Commerce, the North Carolina Community College System, Forsyth County, and the City of Winston-Salem, played a role in facilitating Radél's expansion into the area.

The company's commitment to growth and innovation in the United States reflects a positive outlook for economic development in Forsyth County and the broader North Carolina region.

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