An Ontario-based manufacturer of enclosures for industrial power generators will invest $56 million to establish a new production facility in Mecklenburg County that’s expected to create up to 325 jobs.
AVL USA is a new company established by AVL Manufacturing in Canada. It specializes in the manufacture of custom industrial enclosures for large-format standby power generators. Its products supply backup power to large and hyper-scale data centers, automotive, automation, construction and emergency management sectors. The company’s project in Charlotte will produce and assemble generator enclosures for power redundancy.
“After considering many markets, we are thrilled that AVL’s entrance into the U.S. market is in Charlotte, a vibrant, tech-forward city perfect for us to lay down roots,” said Vince Dicristofaro, president, AVL.
A performance-based grant of $100,000 from the One North Carolina Fund to AVL USA, will help facilitate the company’s project into Mecklenburg County, based on the creation of 122 jobs tied to the grant. The grant requires a matching grant from local government. The money is not paid until AVL hits investment and job creation targets.
Wages for the 122 grant-tied jobs will average $90,088. The current average wage in Mecklenburg County is $86,830.
Another Canadian company, Toromont Industries, acquired 60% ownership of AVL Manufacturing in February, and has committed to purchasing the remaining 40% ownership at agreed upon dates through to 2031 based on business performance.
Toromont is listed on the Toronto Stock Exchange and has approximately o7,300 employees in about 165 locations in the U.S. and Canada. Toromont operates through two business segments, the Equipment Group and CIMCO. The Equipment Group includes one of the larger Caterpillar dealerships by revenue and geographic territory in Canada. CIMCO is a market leader in the design, engineering, fabrication and installation of industrial and recreational refrigeration systems.