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U.S. Forged Rings is set to announce a new manufacturing hub in Hertford County, North Carolina, promising over 700 jobs and an $875 million investment. The facility will produce steel components for various industries, including wind energy and defense.

Construction is projected to begin by 2028, with completion expected in phases through 2030. The company has formed a partnership with Nucor, a local steel supplier, which is also expanding its presence in the area.