Hubbell Power Systems, Inc. a global manufacturer of electrical power products for utilities, will expand operations in North Carolina with an $8.9 million investment in the City of Rocky Mount, Gov. Roy Cooper announced on Oct. 18.
Hubbell Power Systems is an operating unit of Hubbell Incorporated, an international manufacturer of electrical and electronic products for a broad range of non-residential and residential construction, industrial, and utility applications.
The company’s facility in Rocky Mount is home to the PenCell Plastics brand, a line of specialized enclosures for utility infrastructure markets, such as grade level enclosures, ground pedestals, and equipment pads. The company’s new project in Rocky Mount will expand its current manufacturing capacity to meet growing demand for its products from market leading customers in the Electric Utility, Communications, Contractor and Industrial and Water markets, says a statement from the North Carolina Department of Commerce.
“We appreciate the current and past support of the local community and the State of North Carolina,” said Scott Martz, vice-president and general manager for Hubbell Power Systems. “This expansion allows us to meet the current and growing future needs of our customers, while providing job growth opportunity for people in the Rocky Mount community.”
A performance-based grant of $200,000 from the One North Carolina Fund will help the expansion. The OneNC Fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All OneNC grants require a matching grant from local governments and any award is contingent upon that condition being met.