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State and local officials recently received an update on the development of a major business heading to Stanly.

Construction is underway on the site of the new Charlotte Pipe and Foundry on the outskirts of Oakboro.

Pinnacle Construction recently presented plans for the plant to government officials, including the North Carolina Secretary of Labor Josh Dobson.

Also present was N.C. Rep. Wayne Sasser, Stanly County Sheriff Jeff Crisco and Oakboro Police Chief T.J. Smith.

Roddey Dowd Jr., CEO of Charlotte Pipe, along with several members of the company, presented the information to officials.

The new plant is being developed on 450 acres of land, including roadway connections and a rail spur. Close to 630,000 cubic yards of dirt will be moved, along with the blasting of more than 155,000 cubic yards of rock.

The plant will have more than 30,000 linear feet of underground site utilities and have 35,000 cubic yards of concrete poured.

When completed, the foundry will have 505,000 square feet of structural steel.

Construction executives also took public officials out to the job site to show construction progressing.

The plant is expected to be finished, per the presentation, by July 2023.