The North Carolina Railroad Company (NCRR) is investing in the rehabilitation of rail infrastructure required for operations at a new beverage manufacturing campus to be constructed by Red Bull, Rauch, and Ball Corporation.
The two million square-foot, state-of-the-art campus will house vertically integrated processes for beverage manufacturing, can-filling, and distribution at the Grounds at Concord in Cabarrus County. The North Carolina Railroad Company is investing $700,000 to assist in the rehabilitation of the company-owned portion of the lead track that will connect to the North Carolina Railroad and be served by Class I freight provider, Norfolk Southern.
The three-company joint venture will result in the creation of 633 new jobs and a capital investment of more than $900 million. This is the largest economic development announcement in Cabarrus County’s history.
“We are excited to welcome Red Bull, Rauch and Ball Corporation as new customers on the North Carolina Railroad, and we commend their transformative vision for the conversion of the site from a former cigarette manufacturing plant to the production location of a next generation consumer product,” says NCRR President and CEO Carl Warren. “The new beverage manufacturing operations will result in a substantial increase in the number of railcars on the NCRR line each year and will be a significant boost to the area economy.”
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. Its mission is to benefit the people of North Carolina by aggressively leveraging the unique strengths and capabilities of the North Carolina Railroad Company.
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.