Bosch to invest $130M, create hundreds of jobs with Lincolnton expansion

Posted By: ndeeney

LINCOLNTON, N.C. — Robert Bosch Tool Corp. is embarking on a major expansion to its manufacturing operations in the Charlotte region.

Bosch is planning to invest $130 million to expand its power tools accessories manufacturing capabilities in Lincoln County. That announcement was preceded by the state’s economic investment committee approving incentives for the project at a meeting this morning. The expansion is expected to create 404 jobs, committee members said when outlining the project. The new positions include minimum average annual wages of $53,204, which is above the county average of $49,332.

“We aim to provide local-for-local solutions to support our businesses and the expansion for Power Tools in Lincolnton is further evidence of our commitment to develop local manufacturing here in the region,” said Mike Mansuetti, president of Bosch in North America.

The expansion calls for developing a new building of around 325,000 square feet in Lincolnton, where Bosch has long operated a manufacturing facility. The new building will include space for manufacturing, logistics and warehouse operations. The investment would take place by the end of 2027, the committee said.

Read more here.

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