HSP US LLC, a subsidiary of the German-based Trench Group GmbH, has selected Charlotte for its first U.S. manufacturing plant. This move is expected to create 74 new jobs in the region. The company plans to invest over $50 million in the next five years and aims to commence operations by early 2026.
The facility will produce bushings, essential components in high-voltage power transformers. Dr. Bahadir Basdere, CEO of Trench Group, stated that these investments aim to “strengthen our presence in the North American market” and contribute to regional energy infrastructure development.
Dr. Nils von Dietman, CEO of HSP US, cited Charlotte’s skilled workforce and business-friendly environment as factors influencing their decision. The proximity to key customers was also a consideration.
Trench Group GmbH is a leader in high-voltage power transmission components and systems engineering and manufacturing. It became an independent entity after separating from Siemens Energy last year.
The new plant will be located near Siemens Energy’s advanced manufacturing facility in southwest Charlotte. Jobs created will include positions for machinists, engineers, and management with an average wage above the MSA average.
Mark Jerrell, Chair of the Mecklenburg Board of County Commissioners, expressed satisfaction with HSP US’s investment decision: “We are pleased HSP US recognizes the strength of our local workforce.”
Charlotte Mayor Vi Lyles noted that this facility enhances Charlotte’s reputation as an energy hub: “This is a continuation of our city’s ongoing efforts to strengthen and build new relationships in Germany.”
Christopher Chung from the Economic Development Partnership of North Carolina highlighted foreign direct investment’s role in North Carolina’s economy: “North Carolina offers companies what they need to successfully expand their global footprint.”
The project involved collaboration between Mecklenburg County, the City of Charlotte, Duke Energy, and others. HSP plans to fill positions starting this fall and is working with Central Piedmont Community College on training programs.
Dr. Kandi Deitemeyer from Central Piedmont emphasized benefits for students through industry partnerships: “These partnerships meet today’s workforce needs.”
Gretchen Carson from the Charlotte Regional Business Alliance remarked on Charlotte’s advantages for businesses like HSP: “With world-class connectivity…we are certain HSP will find competitive advantages.”
Charlotte-Mecklenburg hosts over 1,000 foreign-owned companies with significant German investment leading to more than 19,000 jobs locally.
Recent collaborations have resulted in substantial economic developments including relocations or expansions by companies such as Siemens Energy and Albemarle Corp., totaling over $508 million in capital investment and creating 1,535 new jobs.
