US Forged Rings (USFR), a manufacturer of large steel components, has announced it is establishing a manufacturing facility in Hertford County, NC, that will bring up to 625 jobs and $875 million worth of investment to the community.
"US Forged Rings' investment in Hertford County is a ringing endorsement of our state's top-notch workforce," said Gov. Josh Stein. "We are committed to delivering the talent companies need and bringing good-paying jobs to every corner of our state, including northeastern North Carolina, with this project."
Incorporated in March 2022, USFR is backed by an industrial group with more than 40 years of experience in steel fabrication and forging. Products include critical service fabrications; specialty tubulars and forgings used in power generation, such as reactors, heat exchangers, and high temperature steam handling; and industrial components, such as rings, shafts, and cylinders used in a variety of other industries, such as the marine, mining, defense, and Liquid Natural Gas (LNG) markets.
"This investment into the first two phases of our Hertford County, NC, facility will bring good paying jobs back to America, substitute imports, lower dependency on foreign suppliers, and increase the resilience of the U.S. economy, helping to lower uncertainty in the costs and timing of building power plants and other critical infrastructure the country very much needs," said Giacomo Sozzi, USFR president and CEO.
Due to the size of the steel components being produced, water access was critical to the project. The manufacturing facility will be located adjacent to Nucor Steel's processing plant and sit along the Chowan River, which feeds into the Albemarle Sound and then the Atlantic Ocean.
USFR anticipates the project occurring over three phases, the first two of which would result in 625 new jobs. Over the course of all three phases, the company said the potential total investment could reach $875 million.
The company also says the average annual wages for these jobs would be $80,000, significantly higher than the average Hertford County annual wage of $47,917.
Hertford County, located in eastern North Carolina, is home to 19,000 people, with some of its notable industries being advanced manufacturing, metals and materials production, and construction materials.
For more information contact:
US Forged Rings
info@usfr.com
www.usfr.com