Governor Stein Announces $102 Million Expansion for Domestic Transformer Manufacturer in Raeford

URLhttps://www.commerce.nc.gov/news/press-releases/20
SourceNorth Carolina Department of Commerce
Date Published02/17/2025

Additional Reshoring Information:

Company/Division name Pennsylvania Transformer Technology
Parent companyPennsylvania Transformer Technology
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):200
Year reshoring announced:2025
Year reshoring implemented or to be implemented:2026
Capital investment ($):102.5
City reshored to:Raeford
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredPower and Distribution Transformers
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Infrastructure, Skilled workforce availability/training
Government Incentive dollar amount:800,000
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