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Charlotte Pipe and Foundry held the grand opening of a new $460 million foundry in Oakboro, North Carolina, on 700 acres in Stanly County. It replaces the company's century-old Uptown Charlotte cast iron foundry.
Charlotte Pipe and Foundry will build a new cast iron foundry on a 428-acre site in Oakboro, Stanly County, North Carolina, investing at least $325 million, with operations possibly starting in Q3 2023. The company is also evaluating options for its current Charlotte site.