ASHEVILLE, N.C. (AP) -- A company that specializes in jet engines and aircraft system production plans to break ground this year on a parts factory near Asheville.
GE Aviation's new facility is being built next to an existing GE machining plant. The company says the new plant will produce engine components made of advanced ceramic matrix composite materials.
GE could begin hiring at the new plant as early as next year. Within five years, the workforce at the factory could expand to more than 340 people.
The new plant is part of a larger commitment by GE Aviation to invest $195 million across its North Carolina operations through 2017.
GE Aviation has more than 1,300 employees in North Carolina at sites in Asheville, Durham, West Jefferson and Wilmington.