Manufacturing Company Announces North Carolina Investment of $867.8 Million in Cumberland County

URLhttps://www.commerce.nc.gov/news/press-releases/20
Sourcecommerce.nc.gov
Date Published07/23/2024

Additional Reshoring Information:

Company/Division name Project Aero
Parent companyAmerican Titanium Metal, LLC
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):304
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):867.8
City reshored to:Fayetteville
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredaerospace-grade titanium
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:$8,026,000
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