January 5, 2018
North Carolina Railroad Company Invests in Freight Rail Infrastructure to Serve Kingsboro Megasite, Triangle Tyre Co. Ltd.
Raleigh, NC – January 5, 2018: The North Carolina Railroad Company (NCRR) is one of several partners named in the recent announcement that Triangle Tyre Co. Ltd., a manufacturer of tires for the automotive industry, is locating at the Kingsboro CSX Select Site in Edgecombe County. Triangle Tyre will create up to 800 jobs over five years and invest approximately $580 million.
Through the North Carolina Railroad Company’s economic development initiative, NCRR Invests, NCRR is investing approximately $2.5 million in design and construction of a rail spur, and storage tracks for the company at the Kingsboro CSX Select Site.
“Companies like Triangle Tyre require significant infrastructure like rail to meet their needs and this is another example of North Carolina’s competitiveness in attracting a large scale manufacturer,” said Scott Saylor, NCRR President. “The North Carolina Railroad is a champion of our state’s efforts to secure large projects and we are proud to be a part of this exciting announcement.”
“As a member of the North Carolina Railroad Company’s Board of Directors, we are pleased to welcome Triangle Tyre Company and the tremendous opportunities it brings to our region,” said Bill Kincheloe, Vice Chairman of the North Carolina Railroad Company Board of Directors. “Edgecombe County and the Carolinas Gateway Partnership have worked to ensure the Kingsboro site was ready to attract a significant employer, and this announcement with the North Carolina Railroad Company and other key partners, as well as the resulting construction, will have a very meaningful impact on the region.”
The Kingsboro CSX Select Site is one of the state’s megasites. NCRR is committed to assisting all of the state’s industrial megasites with freight rail infrastructure needs should employers choose to locate in North Carolina.
About the North Carolina Railroad Company
The North Carolina Railroad Company is a private corporation whose stock is owned by the State of North Carolina. The Company manages the 317 miles of track and rail corridor stretching from Charlotte to the Port of Morehead City that is operated under a long term agreement with Norfolk Southern. The Company’s mission is to put the North Carolina Railroad Company to work for the good of the people of North Carolina and improve our state by expanding freight rail opportunities to grow business, enabling rail to move people and investing in North Carolina.
About NCRR Invests
NCRR Invests provides assistance to companies that require the state’s freight rail opportunities and create jobs by locating or expanding their business in North Carolina. The goal of NCRR Invests is to drive job creation and economic growth.