American Racing Headers & Exhaust Inc. said it plans to open a manufacturing plant in Stanly County, creating 63 jobs and spending $4.37 million on capital investments.
The company is a designer, manufacturer and distributor of stainless-steel headers and exhaust-system components, primarily for the professional racing industry.
The project includes a 50,000-square-foot facility with manufacturing and corporate office functions.
The jobs will pay an average salary of $52,552. By comparison, the average annual wage in Stanly is $35,420.
The company is eligible for up to $175,000 in performance-based incentives from the One North Carolina Fund, which requires matching local funds.
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