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April 8, 2011
"FOR IMMEDIATE RELEASE"
As part of Sumitomo Electric Sintered Alloys' global strategy to grow in the North American market, Engineered Sintered
Components, Troutman, North Carolina, is pleased to announce a $9 million
investment to their current manufacturing operations. This investment will
include a 20,000 sq ft addition to their 2nd on-site facility and new equipment to
support new business secured in the manufacturing of powder metal components for
the automotive industry. ESC has a current employment of 375 and plans a
staffing increase of 25 within the first 6 months of the expansion project.
Ground breaking is planned for late April or early May and completion of the
project is scheduled for late October / early November.
ESC will receive $142,000 in tax grant incentives over five years as approved by the Iredell County Commissioners in a public
hearing this past week.
We look forward to this expansion in supporting our overall goal to manufacture
highly engineered components while placing a high value on our employees, their
families, and our community.
Ryu Goto, President 
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