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A Kings Mountain manufacturer of industrial motors will close its doors this summer, putting 379 employees out of work.
In late 2020 ABB-Baldor announced it would close its Kings Mountain location in 2021. ABB-Baldor attributed the closure to negative market conditions in oil, gas and mining industries, as well as overlap between the functions of the Kings Mountain plant and other company factories. ABB is proud of the people we work with every day and the communities in which we live and work. We appreciate the good relationship we have had with the Kings Mountain community, and we appreciate their support of our employees, our customers, our suppliers, and our business as we make this transition, read the statement.