The recently acquired Portable Power business unit of Doosan Infracore acquired a manufacturing and office location in Statesville, N.C., where it intends to produce air compressors, light towers and portable generators to supply global markets. The location, which was purchased for an undisclosed amount, has 473,000 square feet of manufacturing and office space built on approximately 97 acres of land. It is anticipated that the move will create 60 new jobs in Iredell County, N.C., with the overall number of employees at the site reaching close to 400.
“We are extremely excited by this acquisition,” said Larry Silber, president of Doosan Infracore Portable Power. “Once again, Doosan has demonstrated its commitment to our construction markets by investing in a world-class manufacturing location that will help Portable Power meet its aspirations to double our business by 2012.”
It is anticipated that the manufacturing operations will begin to transition from the current location in Mocksville, N.C., in April 2008, with completion expected by 2008 fourth quarter. Additionally, the business will move its headquarters from Davidson, N.C., to the Statesville location, as well as incorporating a number of satellite distribution centers.
The Portable Power business (formerly known as Ingersoll Rand Utility Equipment) manufactures portable air compressors, portable generators, light towers, concrete equipment and light compaction products serving a number of market segments in all areas of the world.