German manufacturer invests $100 million in NC, creating 189 jobs

WINSTON-SALEM – A German manufacturer of commercial ventilation systems, Ziehl-Abegg, Inc., will move its North American headquarters to Winston-Salem, which will bring nearly 200 jobs and an investment of more than $100 million.

Founded in 1910, the company produces industrial fan systems and employs 5,000 people worldwide. The proposed Winston-Salem facility will cover 500,000 square feet, which will also increase manufacturing capacity and sales in North America, North Carolina Gov. Roy Cooper said in a statement.

“Megatrends such as digitization, climate change and urbanization are leading to growth in demand and require a significant increase in our production capacities,” says Joachim Ley, Chief Operating Officer of Ziehl-Abegg, Inc., in the statement “The US market is fundamentally very important to us and drives expansion in North America.”

Space station builder leases space at the Winston-Salem Regenerative Medicine Accelerator

hiring plans

Initially, the company plans to hire 189 people in Forsyth County. Along with hiring these employees, the company said it intends to invest at least $24.5 million, with up to $100 million forecast.

The Company receives a $400,000 performance grant from the One North Carolina Fund, but receipt of this grant is contingent on the Company investing at least $24.5 million.

“The 189 employees are the first step in our expansion project,” said Ley. “We assume that we will grow very quickly to over 500 employees.”

Those 189 positions will pay an average annual salary of nearly $60,000, higher than the average annual salary in Forsyth County, the statement said. According to an estimate by the state of North Carolina, these payroll jobs are expected to impact the region’s economy in excess of $11.2 million.

“Ziehl-Abegg is the latest example of why North Carolina continues to be recognized as the best place to do business,” NC Secretary of Commerce Machelle Baker Sanders said in the statement. “North Carolina offers a world-class workforce and a robust training network committed to helping businesses grow and thrive.”

Earlier this year, a commercial space company, Axiom Space, leased space in Winston-Salem.

Winston-Salem’s Innovation District has a new master plan: 2.7 million square feet in Phase 2