Business North Carolina

1 week ago | businessnc.com | Kevin Ellis

A company based in Istanbul, Turkey, will make an $82.6 million investment to create its first U.S. production facility in Wayne County, which is expected to create 216 jobs. Pelsan Tekstil A.S., a global leader in breathable film technologies for the hygiene and medical sectors, was established in 2006 and is a subsidiary to the Hassan Group, which has more than 80 years of experience in nonwoven and polymer film technologies.

1 week ago | businessnc.com | Kevin Ellis

Daimler Truck Financial Services, which provides financing, leasing and insurance options for Daimler Truck North America’s commercial vehicles, will invest $7.8 million to locate its headquarters in Charlotte, a move that’s expected to create 276 jobs. Salaries for the new positions will average $133,940, exceeding the Mecklenburg County average of $86,830, according to a release from the state. Daimler Trucks produces Freightliner trucks, Western Star trucks and Thomas Built Buses.

1 week ago | businessnc.com | David Mildenberg

Global law firm K&L Gates said that Stacy Ackermann of Charlotte has been appointed global managing partner effective July 1. The decision follows Jim Segerdahl’s decision not to seek a third term leading the firm. K&L Gates also appointed Rick Giovannelli of Charlotte as co-chair of the management committee alongside current chair Michael Caccese. Caccese will step down as co-chair on June 30, 2026, after having served as chair for nine years.

2 weeks ago | businessnc.com | Kevin Ellis

An Ontario-based manufacturer of enclosures for industrial power generators will invest $56 million to establish a new production facility in Mecklenburg County that’s expected to create up to 325 jobs. AVL USA is a new company established by AVL Manufacturing in Canada. It specializes in the manufacture of custom industrial enclosures for large-format standby power generators.

2 weeks ago | businessnc.com | Kevin Ellis

The stock of Advance Auto Parts jumped by more than half after the Raleigh-based retailer reaffirmed its full-year guidance, signaling it’s navigating higher costs and consumer caution due to tariffs. Advance, the operator of almost 4,300 stores, projected adjusted EPS of $1.50 to $2 in 2025. It estimated sales ranging from $8.4 billion to $8.6 billion, according to a statement.