In conjunction with the Economic
Development Coalition for Asheville-Buncombe County (EDC), STF Precision, a
leading manufacturer in diamond-tipped cutting tools, today announced the
expansion of its manufacturing facility in Arden, N.C. with a $4.5 million
investment in facilities and equipment. STF’s investment will bring 25 new
positions in engineering, production and operations to the county. The
company currently employs 52, at wages above the Buncombe County average.
Locally
owned and operated since 1992, STF produces a variety of cutting tools used in
automotive, aerospace, medical, and high tech applications, including
components in the manufacture of the Apple iPhone. Engineering excellence and
manufacturing efficiency continue to be the catalyst for the company’s
growth. STF engineers and produces custom tools more quickly than its
competitors while simultaneously creating a sense of partnership and trust with
valued customers in over eight countries.
“We
are a local company and we are proud to be growing our business in a place
where we love to live. This expansion is a credit to our valued
clients, and also our experienced and devoted workforce in Buncombe
County. I consider it an honor to be part of such a team” said Jason
Ford, President of STF Precision.
“We are pleased
when a hometown success continues to grow. STF is a shining example of
Western North Carolina’s ability to compete and win on the global manufacturing
stage. This announcement is good news for residents and families in
Buncombe County,” said David Gantt, Chairman of the Buncombe County Board of
Commissioners.
“The skilled
workforce and competitive business environment in Buncombe County continue to
drive expansion in our manufacturing economy. We congratulate STF
leadership and employees on this announcement and thank them for this renewed
commitment to our community.” commented EDC Chairman Paul Szurek.
For more
information on STF Precision and employment opportunities, please visit www.stfprecision.com
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