Ammo maker to open Robeson plant
Posted May 15, 2013
Lumberton, N.C. — A company that makes ammunition for law enforcement agencies said Wednesday that it plans to open a manufacturing plant in Lumberton, creating 150 jobs over the next three years.
Privately held Cape Fear Arsenal Inc. will invest $15.2 million in the operation, and officials said they plan to bid on contracts for the military and state agencies.
"CFA will apply innovative manufacturing technology and the highly competent Robeson County workforce to produce various calibers of pistol ammunition for an already stressed and lacking ammunition market,” Chief Executive David Hargitt said in a statement.
The average annual wage at the plant will be $41,559, plus benefits. Robeson County's average annual wage is $26,832.
The company qualified for a grant of up to $490,000 from the One North Carolina Fund, which provides financial assistance to attract business projects to the state. Companies receive no money up front and must meet job and investment targets to obtain grant funds.