Precision Components International will expand its Columbus facilities — a $53 million investment that will create 100 jobs.
The three-phase local expansion of PCI — a major global supplier in the aerospace and medical industries — is expected to take up to five years.
"This is a demonstration that Georgia can compete in a global environment with the precise and exact manufacturing standards out there," said Gov. Sonny Perdue, who was present at the company's groundbreaking ceremony Wednesday.
PCI produces components for the aerospace, power generation, medical and golf and recreation industries.
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Yair Raz, chief executive officer of PCI, said Columbus was "extremely attractive from several points."
He said PCI will be able to draw from the area's highly-trained workforce coming from several local institutions, such as Columbus State University, Columbus Technical College and Auburn University.
Local and state government support to attract and grow global businesses like PCI helped in making the decision to expand in Columbus as well, Raz said.
"We're absorbing growth of double digit, year-over-year, in terms of revenues," Raz said. "And all together, there is a growth of the business to a point where we will completely double ourself every five years. We have a vision of growth we have to fulfill."
With the 60,000-square foot addition, the completed complex — located at 10055 Macon Road — will take up about 250,000 square feet.
The company currently employs 400 people.
Raz said the 100 additional jobs will include positions in machine operation, engineering and quality control.
PCI was formed in 1995 when Pratt & Whitney and Blades Technology International created a joint venture operation to produce precision-forged compressor airfoils for the gas turbine industry.
In 1999, the company re-organized an existing Pratt & Whitney facility in Columbus and expanded its operation to a new site located on more than 100 acres.
PCI is a subsidiary of Blades Technology International, which is headquartered in Nahariya, Israel. Ninety percent of BTI's business is in the aerospace and defense industries.