Red Bull plans construction of $740 million, 2 million sq. ft. production hub in Concord

0
974
red bull site
Courtesy Cabrrus Economic Development Corporation
Red Bull says it is opening a new manufacturing facility in Concord, with planned construction of a two million sq. ft. production hub at the site of a former Phillip Morris plant on Highway 29.

Red Bull and Rauch North America are partners on the project, which includes 800,000 sq. ft. distribution center for Red Bull and a 1.4 million-sq. ft. complex for Rauch’s can-filling operation, WCNC-TV reported on July 13.

North Carolina Gov. Roy Cooper said the move will include an investment of more than $740 million, as well as the creation of over 400 jobs with an average wage of $50,377.

“It’s really an exciting time,” Cooper said. “We are in North Carolina, coming out of this pandemic in a strong way. The good-paying jobs that we continue to attract, the businesses that realize what a great state North Carolina is to live, raise a family, have an excellent quality of life and to do business. We’re developing a global reputation for that kind of place, and that’s exciting.”

“These companies are bringing substantial investment and excellent jobs to our community,” said Page Castrodale, the Cabarrus County Economic Development Corporation‘s executive director. “The Grounds at Concord has attracted a lot of interest over the years and we knew there was tremendous potential on that site. This was the kind of operation we were all hoping for.”

The production site is expected to provide an economic impact of $1.8 billion to North Carolina’s economy.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.