|By PR Newswire||
|January 24, 2014 11:15 AM EST||
MEBANE, N.C., Jan. 24, 2014 /PRNewswire-iReach/ -- ARCA today announced a series of investments to transfer the assembly of CM18 cash recyclers from Italy to its manufacturing facility in Mebane, NC. The facility, which will produce the only cash recycler assembled in the United States, will be fully operational by April 2014.
"Manufacturing plays a big role in North Carolina's economic comeback and I am happy to see that ARCA is investing in our state," said Governor McCrory. "Our strong workforce and friendly business climate will continue to make North Carolina a top destination for manufacturers."
ARCA has worked for over a decade in partnership with CTS Cashpro to promote the benefits of cash recycling technology. The CM18 cash recycler automates cash in, cash, out, balancing and inventory functions in the banking and retail markets. This technology provides reduced transaction times, improved accuracy, increased security and more efficient control over cash inventory.
"In the past couple of years, banks and credit unions have been installing cash recycling technology at a rapid pace," said Mort O'Sullivan, founder & CEO of ARCA. "Due to the increased adoption of ARCA's solutions, we've doubled the size of our manufacturing facility, added over 40 new jobs, and have worked diligently to bring a lean manufacturing philosophy to our organization. We have committed investments of over $4 million and will continue to add jobs in our efforts to bring cash recycler manufacturing to North Carolina."
A sharp increase in the adoption of this technology has prompted the companies to set up local manufacturing to complement the existing manufacturing line in Italy, which will also continue production. By bringing this assembly line to North Carolina, ARCA will shorten the supply chain providing a more efficient model for the distribution of the CM18 cash recycler in North America.
"We are pleased to welcome ARCA and CTS Cashpro to North Carolina," said Congressman Coble. "It is always exciting when a company decides to 'insource' jobs to North Carolina instead of 'outsourcing' them to other countries. This is another example of how attractive North Carolina has become to manufacturers. They know that North Carolina has a business-friendly environment and Mebane is leading the way. To our new Italian friends, we say welcome to North Carolina, and even though you may know a little something about food, we look forward to sharing some great North Carolina barbecue with you soon."
We provide technology and services to help people control cash in bank branches, retail stores and self-service kiosks. Since the company began in 1998, ARCA has experienced strong, consistent growth and now has operations in the United States, the United Kingdom, Russia, India and China. As more companies seek new and better ways to serve their customers with transaction automation solutions, and with the continued growth of the self-service industry, ARCA's vision and commitment to customer service and technological innovation have helped the company become an industry leader.
About CTS Cashpro
CTS Cashpro is part of the CTS Electronics Group, a global provider of automated systems for payments, document processing, cash recycling and deposits. The CTS companies design and manufacture high-quality peripherals with multiple options for different customer needs. Additionally, CTS produces software that is used to tune and enhance the performance of CTS systems in specific customer environments. Since 1980, extensive know-how, lean structure and flexibility have distinguished CTS as the market leader in banking and retail with over one million peripherals installed across five continents.
Media Contact: Matt Besch, ARCA, 919-442-5351, [email protected]
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