STF Precision to invest $4.5 million into Arden facility, hire 25 new workers

Here’s the press release from the Economic Development Coalition for Asheville – Buncombe County:

Asheville, N.C., May 23, 2013 – 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

The EDC for Asheville-Buncombe County is a public-private partnership committed to: creating and retaining high quality jobs, community leadership, and being a resource for better business decisions. The EDC accomplishes this mission through its four core services: business retention and expansion, small business and entrepreneurship, research, and marketing and recruitment. The EDC is funded by Buncombe County, the City of Asheville, the Town of Weaverville, the Asheville Area Chamber of Commerce and the AVL 5×5 Campaign.

The Asheville Area Chamber of Commerce is a member organization with over 1,800 member businesses and organizations. Chamber members collaborate with community organizations and coalitions to support the community and each other with the mission of building community through business. The Chamber is home to a 4,000 square foot Visitor Center which welcomes over 195,000 visitors per year.


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