C.M. Steel

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will move from the Charlotte/Douglas International Airport-areqa site it shares with its parent company, , says Chrisx Thompson, president of C.M. Steel. Spacse constraints at that 30-acre tract on Old Dowd Road promptedd the company to scout sitexsin Charlotte, Rock Hill and Fort Mill beforre settling on a parcel near Lake he says. C.M. Steel already has a small location in the Newport community northwest of Rock That operation will move to thenew facility. The headquarterds will be built on 100acres C.M. Steelo recently bought on the western side of Lake The property is off Campbell near S.C. Highway 274.
“The Palmettko State is just the right fit for our company and providexs us with a positive business environmentt and a strongwork force,” Thompson Buddy Motz, chairman of the , says C.M. Steel’a decision to relocate shows the county hasbecomed “a preferred location for new-business locatiom and expansion in the Charlotte region.” Site work should start this month, with the building to be complete in early 2010. of Charlotte is the general contractor. C.M. Steelp cuts and shapes steel for the construction of commercial andindustrialp buildings. The headquarters will occupy about20 acres. The adjacentf land will be needed for storing Thompson says.
The company’s construction projec qualifies for state and local incentives for investment and job Last year, , formerly known as Freightliner, boughtf 400 acres nearby at Allison Creek for an office York County officials expect the truck manufacturer to eventuallyu move its corporate headquarters ther from Portland, Ore. Daimler Trucks officialds have said they have no current plansx to movethe headquarters. Glenn Sherrill foundecd SteelFab in 1955in Charlotte, and the compan is still owned by the Sherrill SteelFab has supplied structure steel for the core lab at the N.C. Researchu Campus in Kannapolis andother Charlotte-areaa buildings.
The company has 600 employees across the including about 350in Charlotte. will close its optical-assemblgy plant near Tate Boulevard in Hickory by the end of the a companyspokeswoman confirms. About a thirx of the site’s engineering employees will relocatse to a larger plant in Hickory off McDonald Parkway. The company isn’t disclosingh how many employees are being cut forcompetitive reasons. Nor is it revealinyg information aboutseverance packages. “It was a difficult but a necessary one to keep Corning Cable Systems competitive in thesechallenging times,” the spokeswoman says in a writtenb statement.
Corning Cable also will shutter a plant in the Dominicab Republic byyear end.