The Reich LLC is looking back on a remarkable successful business year 2014. When
the company was founded in 2010 as first overseas subsidiary in Vista
Industrial Park in Arden, the German owner family Reich expected good business
in the Carolinas for their precise steering pinions. The plant and their
product spectrum grew over target since. The workforce at the modern .69 acres
plant has more than doubled during this year to 85 employees and 25
temporaries, who have the good chance to be taken over in the first quarter of
2015.
Building up workforce so fast is
more than only recruiting. According to the Reich Group core values in a 95
year history as fourth generation family-owned business, it requires the
integration, education, training and creation of a profound sense of quality to
operate a state-of-the-art machinery with high precision for turning parts of
steering systems and modern 8- and 9-speed transmissions. Six employees of Buncombe
County traveled during the year for some weeks each to Mellrichstadt, a small
mountain town in northern Bavaria, to receive technical training on the
cutting-edge elaborated machinery, processes and products - and make friends.
Every month one new additional machine was installed and brought into
production with the support of German experts, who transferred their services, know-how,
experience, process specifications and motivation. So the Reich group safeguards
that “Made in Arden” is equivalent to “Made in Germany”, as the high-tech
customers ZF Transmissions Group in Gray Court SC, ZF Steering Systems in
Florence KY and Chrysler transmission plants in Indiana require in rapid
growing volumes.
With a total capital investment
of more than US$ 31.4 mil and a revenue of about US$ 35 mil. in 2014, the Reich
LLC exceeded the commitments given to Buncombe County and the State of North
Carolina – alone in the job creation with more than 30 employees. The company
is established as good corporate citizen in the chambers and vocational education
initiatives in Buncombe County.
For the year 2015 Reich LLC
expects a continuation of the good demand for passenger cars in North America.
As transmission industry customers will deliver to additional brands and
models, the Arden plant expects further growth in jobs, machinery and revenue –
but with a much smaller growth rate than in the previous year due to base
effect. Preparing export deliveries from Arden to China will give the Reich LLC
an even more international dimension in worldwide machining competition.
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