Bosch announces $130 million investment in Lincolnton, North Carolina

Lincolnton, N.C. – Today Bosch announced further expansion of its manufacturing in North America through a planned $130 million expansion of its site in Lincolnton, N.C. The site supports manufacturing of power tool accessories as part of the Consumer Goods business sector of Bosch. The expansion will create 400 new jobs over the next five years.

The Lincolnton site, which has been in operation since 1960, produces a wide range of power tool accessories for products including saws, drills and routers.

“We aim to provide local-for-local solutions to support our businesses and the expansion for Power Tools in Lincolnton is further evidence of our commitment to develop local manufacturing here in the region,” said Mike Mansuetti, president of Bosch in North America.

The site expansion is expected to last 24 months and will add more than 325,000 square feet to the facility. The expansion includes space for new manufacturing as well as logistics and warehousing to support manufacturing.

"It is great news that Bosch has selected to expand its North American manufacturing operations right here in Lincolnton," said North Carolina Governor Roy Cooper. "Our state's strong rural communities and talented workforce continue to attract businesses and provide opportunities for growth."

The project will be supported by a Job Development Investment Grant (JDIG) approved by the state of North Carolina’s Economic Investment Committee earlier today. Lincoln County also provided local support in the form of tax abatements. In addition, the Customized Training Program available through the North Carolina Department of Commerce will provide skill development opportunities through a network of community colleges across the state.

Bosch Power Tools eyes growth in North America
Bosch Power Tools is one of the world’s leading providers for power tools, garden tools, power tool accessories and measuring tools. Globally, the brand achieved sales of $6.2 billion (5.9 billion euros) in 2022. It aims to more than double its sales by 2030. In North America, the Bosch Power Tools portfolio features power tools, rotary and oscillating tools, measuring tools and accessories. A major focus of the global growth of Bosch Power Tools is the North American market, which represents more than 40 percent of the global power tool market.

“We are sharpening our product portfolio to best meet the needs of North American users,” said Robert Hesse, president and CEO of North America for Robert Bosch Tool Corporation. “The expansion of production for power tools accessories supports our growth goals here.”

Bosch continues expansion of manufacturing in North America
The planned investment in Lincolnton, N.C. for manufacturing to support power tools accessories continues momentum from Bosch regarding investments in North American manufacturing across its portfolio. In April 2023, the company announced plans to acquire the assets of U.S. chipmaker TSI Semiconductors in Roseville, California. Bosch intends to invest more than $1.5 billion USD in the site for upgrades to produce silicon carbide chips for electromobility.

In South Carolina, the company has begun investments to expand production supporting its mobility business and plans to invest around $450 million. This included fuel cell stack production in Anderson, S.C., which is expected to launch in 2026, and expansion of mobility-related production – including electric motors – in Charleston. In total, the two investments in mobility-related production in South Carolina are expected to generate up to 700 new jobs.

In 2022, Bosch also announced an investment of $260 million for a new appliance manufacturing center in Nuevo León, Mexico and a $215 million investment for Bosch Rexroth in Queretaro, Mexico that will create more than 900 jobs.