Peak Demand.

• Position: EASTERN BRIEFS

[ILLUSTRATION OMITTED]

China-owned Peak Demand plans to hire 37 people and invest $2.6 million at a manufacturing plant in Wilson. It has three factories in other nations, making insulators, transformers and other products for electric utilities. Plans call for a 50,000-square-foot facility with employees hired over the next three years at salaries averaging about $66,000 a year, compared with Wilson County's average of about $42,000. A $100,000 state grant hinges on meeting job-creation targets. CEO Jon Rennie and several other Peak Demand managers previously worked for...