Ziehl-Abegg SE will invest $100 Million in business expansion
02/2023: Ziehl-Abegg SE, a manufacturer of commercial ventilation systems, will create 189 new jobs in Forsyth County. The company says it will invest more than $100 million to expand its operations and relocate its North American headquarters to Winston-Salem. “I am delighted to congratulate Ziehl-Abegg on this expansion in Winston-Salem and Forsyth County,” said Governor Cooper. “The company’s increased investment is a great vote of confidence in our thriving economy, central East Coast location, and skilled manufacturing workforce.”
Founded in 1910 as a motor manufacturer, Ziehl-Abegg is a German-based company that produces innovative industrial fan systems and motors with 5,000 employees worldwide. The company has fans for various commercial applications including hospitals, schools, data centers, and various agricultural uses. Ziehl-Abegg’s expansion to a new state-of-the-art 500,000-square-foot building will increase its production capabilities and distribution for North America.
“Megatrends such as digitalization, climate change and urbanization are leading to a growth in demand and call for a significant increase in our production capacities,” said Joachim Ley, Chief Operating Officer of Ziehl-Abegg, Inc. “The U.S. market is fundamentally very important for us and is driving the expansion in North America. The 189 employees are the first step of our expansion project. We are anticipating growing to over 500 employees very rapidly.”
A performance-based grant of $400,000 from the One North Carolina Fund, dependent on a capital investment from the company of $24.5 million, will help with Ziehl-Abegg’s expansion in North Carolina. The One NC Fund provides financial assistance to local governments to help attract economic investment and to create jobs.
Photo: ©2022 Ziehl-Abegg SE, Germany