Reich, a U.S.-based precision vehicle parts manufacturer, plans to invest $10.9 million into its facility, adding 15 new jobs to its workforce in the process.
Reich announced that the investment pays for new technology, machinery and equipment at its plant at 140 Vista in Arden, off Brevard Road.
The company said the decision to expand operations in the county fulfils its long-term commitment to serving its North American customers.
To date, Reich has invested $28 million and created 140 highly skilled machinist and production jobs in the county. All new positions are expected to pay an average of about 40 percent above Buncombe County's average job wage, currently at $41,856 annually.