Local News

Elevator products firm punches 'up' button on Nash jobs

Posted December 13, 2012

— A company that makes products for the elevator market plans to expand its Nash County operations, creating 67 jobs in the next three years, officials said Thursday.

Draka Elevator Products will invest more than $3.1 million in its Rocky Mount headquarters to begin producing specialized cables for cellular communication towers.

The company already employs more than 130 people in North Carolina, and salaries for the new jobs will average $44,164, plus benefits. Nash County's average annual wage is $34,112.

Draka Elevator qualified for a $100,000 grant from the One North Carolina Fund, which provides financial assistance to business expansion projects. Companies receive no upfront money and must meet job and investment  targets to obtain the funds.

The company is among a group of firms that operating under the Italian-based Prysmian Group. It serves customers in North America, Brazil, Europe and China.

3 Comments

This story is closed for comments. Comments on WRAL.com news stories are accepted and moderated between the hours of 8 a.m. and 8 p.m. Monday through Friday.

Oldest First
View all
  • camhamsmom Dec 14, 8:21 a.m.

    Hadn't this company gone out of business at least once and changed names a couple of times?

  • NAVY MOM Dec 13, 6:31 p.m.

    Great news for Rocky Mount!

  • If the shoe fits.... Dec 13, 5:23 p.m.

    This is good news for Rocky Mount. Things are turning around here. If we could align ourselves moreso with Wilson and counties west, not east of here, things would be looking up and up.