LEXINGTON, N.C. (AP) — A unit of German engineering giant Siemens AG will build a passenger rail car manufacturing plant in central North Carolina that will create more than 500 jobs by 2028, Gov. Roy Cooper and company announced Tuesday.
Siemens Mobility Inc. plans to invest $220 million to build a major advanced manufacturing and rail service center in Davidson County, according to a news release from Cooper’s office.
The 200-acre (81-hectare) site in Lexington — with more than 2 miles (3 kilometers) of rail tracks — is where Siemens Mobility will build passenger cars to better serve its East Coast customers and meet growing demand for its products.
Siemens Mobility said production will begin in 2024. The company, which has multiple manufacturing facilities, 4,000 employees and more than 2,000 suppliers in the country, said the infrastructure law passed by Congress in 2021 would inject funds into U.S. rail and transit operations.
The average salary for the new positions will be $51,568, slightly higher than the average salary in Davidson County, Cooper’s office said.
Siemens Mobility could receive up to $5.6 million in cash payments from the state over 12 years if it meets investment and job creation requirements through the state’s Job Development Investment Grant program. Earlier on Wednesday, the state committee approved the award agreement.