Heat Treat Industry News
May 24, 2010
Virginia Casting Industries Investing $9.1 Million, Establishing New Manufacturing Operation
To be Located in Former Intermet Facility, 300 New Jobs
Richmond- Virginia Casting Industries, LLC, will invest $9.1 million to establish a ductile iron components manufacturing operation in the City of Radford, creating 300 new jobs. The company will occupy the former Intermet New River Foundry facility. Virginia successfully competed against Michigan for the project.
Virginia Casting Industries is a new company owned by the majority owners of Cadillac Casting, Inc. People from the local management and employee team that ran the Intermet New River Foundry will be re-hired by Virginia Casting. Dan Minor is President & CEO, Virginia Casting Industries.
As an industry leader in ductile iron castings, Cadillac Casting, Inc. (CCI), headquartered in Michigan, has gained a reputation for developing and manufacturing superior products. Quality and reliability are the company’s top priorities, and CCI strives to keep its products and facility unparalleled in the marketplace for technology advancements and excellence.
"We are extremely excited with our latest investment in Virginia,” said Dan Minor, President & CEO, Virginia Casting Industries. “We thank both DEQ and the Environmental Protection Agency for their help in obtaining the $250,000 stimulus grant for a Targeted Brownfields Assessment at Radford.
The Virginia Economic Development Partnership worked with the City of Radford to secure the project for Virginia. Governor McDonnell approved a $600,000 grant from the Governor’s Opportunity Fund to assist Radford with the project. The Virginia Department of Business Assistance will provide training assistance through the Virginia Jobs Investment Program. The Virginia Department of Environmental Quality and the New River Valley Economic Development Alliance also provided support for this project.
Source: http://www.mfrtech.com/articles/3411.html
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