Charlotte Pipe and Foundry opens new $460 million foundry in Oakboro, North Carolina
Charlotte Pipe and Foundry Company held its grand opening of a new $460 million state-of-the-art foundry in Oakboro, North Carolina. Charlotte Pipe’s new foundry is situated on 700 acres in Stanly County, about 35 miles east of the cast iron foundry it operated in Uptown Charlotte for more than 100 years.
“Charlotte Pipe has always been committed to investments that will benefit our associates, our customers, and our shareholders,” said Roddey Dowd, Jr., vice chairman of the Company’s Board of Directors. “While our Uptown Charlotte location has provided stakeholders with a solid platform to deliver outstanding results, our new Oakboro Foundry will allow a more efficient layout of our plant and equipment and give us the flexibility to expand to meet future needs.”