Blum Inc. has announced plans for an equipment and tooling investment at its North American headquarters in Stanley, N.C. Totaling $10 million dollars, the new investment will include metal stamping equipment, tooling and a new assembly machine. The upgrades will be in place and operational in March of 2009.
“In 2006 Blum showed its commitment to manufacturing in the US by moving the stamping and assembly of its flagship product, TANDEM plus BLUMOTION concealed runners, to its facility in Stanley, NC.” says Karl Ruedisser, General Manager and CEO of Blum, Inc. “Now, with these further investments, Blum will be able to streamline the production process by also bringing in much of the assembly of TANDEM’s component parts. Most importantly, these investments will help sustain existing US jobs.”
Lincoln county commissioners helped solidify Blum’s decision by awarding the company approximately $160,000 in incentives. Blum will receive the grant in equal payments to be paid over a five-year period.
