Linamar, parent company of aerial work manufacturer Skyjack, announced a $190 million investment in facilities and equipment and 400 new positions at its Arden, N.C., factory, according to Asheville, N.C., media reports. The investment is an increase of $115 million and 150 jobs to its announcement in June of 2012.
Linamar acquired the facility from Volvo Construction Equipment in 2011. The investment is in a new product line for Linamar bringing state-of-the-art machining of high-technology transmission gears for the automotive industry.
Currently, the Asheville facility makes engine blocks for companies such as Caterpillar and Volvo CE.
Linamar, based in Guelph, Ontario, Canada also owns the Skyjack line of aerial work platforms.