MELD™ Technology Named Winner and Receives “Market Disruptor” Recognition at R&D 100 Awards

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CHRISTIANSBURG, VA – MELD Manufacturing Corporation’s patented MELD™ technology has earned a spot in the 2018 R&D 100 Awards, an international competition that recognizes the 100 most exceptional innovations in science and technology from the past year. MELD™ was selected as the single most disruptive new technology and received a special Market Disruptor award.

MELD™, which was named an R&D 100 finalist in August, is a revolution for additive manufacturing and repair of metals. Traditional methods melt materials, introducing weaknesses. MELD™ is a no-melt process for metal, offering stronger, better parts. No melting also means users have the potential to work with unweldable materials. This freedom offers the ability to rethink how particular materials are used for various applications and in what combinations. Since MELD™ is highly scalable it is able to make much larger parts than competitive processes. It is also the first system of its kind for building large-scale 3D parts.

“We are intent on revolutionizing advanced manufacturing and are honored for MELD™ to be recognized as the most disruptive technology in the world,” stated MELD Manufacturing Corporation CEO Nanci Hardwick. “We know from the overwhelming response to MELD™ that there is a huge gap in existing technologies to fill the needs of manufacturers in diverse industries.”

MELD Manufacturing Corporation launched in 2018 and its immediate relevance to the manufacturing community was made evident at the 2018 North American RAPID + TCT conference and exhibition, an event boasting more than 6,000 visitors and 300 exhibitors from the additive manufacturing community. MELD™ was selected from this sizeable group of established industry leaders to receive the 2018 RAPID + TCT Innovation Award, a recognition of the most innovative new technology with industry-changing potential.

MELD™ next won first-place in the Robotics/Automation/Manufacturing category of the Society of Automotive Engineers’ (SAE) Create the Future Design Contest. The contest, produced by SAE’s Tech Briefs Media Group, recognizes the year’s best in engineering across seven categories. MELD™ was selected from more than 800 entries from over 60 countries.

“The defining characteristic of MELD™ is that it is a no-melt process,” continued Hardwick. “Melting metals creates problems. Since there is no melting during the MELD™ process, it’s valuable for a wide range of applications, from manufacturing stronger, lighter components for the automotive, aerospace, and defense industries to repairing large metal components that are considered unweldable and cannot be salvaged by any other process.”

Long considered the elite recognition of new developments in science and technology, the R&D 100 Awards is now in its 56th year. The awards are competitively judged and exist to “recognize excellence and inspire innovation.” This year’s winners were announced at the annual R&D 100 Conference in Orlando, Florida.

Visit www.meldmanufacturing.com for more information.

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MELD Manufacturing Corporation holds more than a dozen patents for MELD™ technology, an innovative process for additive manufacturing, coating, joining, and repairing metals and metal matrix composites. MELD™ offers the power to build parts in solid state, thereby avoiding the issues associated with melting. The technology is also open-atmosphere, meaning no special vacuums or chambers are needed for operation. The MELD™ equipment is scalable and can produce parts much larger than similar processes. MELD Manufacturing Corporation offers MELD machines sales, contract manufacturing, and consulting services. Learn more at www.meldmanufacturing.com.

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Virginia’s New River Valley: Virginia’s New River Valley is an eclectic mix of interconnected small towns that each offer their own unique vibe and appeal. The region provides an abundance of cultural and social offerings due to the presence of three world-class universities, while retaining the charm and benefits of small town living. The NRV is home to a diverse and innovative business community with companies that range from high-tech startups to foreign-based corporations to specialty agribusiness. These organizations benefit from the collaborative spirit of our region and a loyal, highly-skilled, and educated workforce. The scenic beauty of the region also fosters a deep connection to nature, which is deepened by access to outdoor recreation and the preservation of our natural environment. It’s clear why Virginia’s New River Valley is “A Natural Fit.”

Onward NRV: Onward NRV is a public/private, regional economic development organization whose mission is to attract and retain world class jobs, investment, and talent in Virginia’s New River Valley. It’s also a movement where leaders from business, government, and higher education work together to promote the economic vitality of the region.

volvo manufacturing day

WDBJ: Volvo Invites Pulaski County Students to Experience the Future of Manufacturing

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FROM WDBJ – Middle school students from Pulaski County got a closer look at the manufacturing industry.

Volvo opened its doors to them for National Manufacturing Day. Students got to see firsthand what careers in the industry look like. They also had some fun building mini Volvo trucks.

The company says they want to show students that they can be successful right in their hometown.

“We manufacturers spend a lot of time trying to convince suppliers, employees from around the world to come here to the New River Valley because its super cool, but we don’t tell our own kids. So I think this is a good time to do so,” plant manager, Franky Marchand, said.

Watch video coverage from WDBJ.

Onward NRV IEDC Award

Onward NRV Receives Excellence in Economic Development Award from the International Economic Development Council

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VIRGINIA’S NEW RIVER VALLEY – Onward New River Valley received a Bronze Excellence in Economic Development Award for the Targeted Industry Brochures, in the category of Special Purpose Print Brochure from the International Economic Development Council (IEDC).

The honor was presented at an awards ceremony on Tuesday, October 2, during the IEDC Annual Conference, which was held September 29 – October 3, in Atlanta, Georgia.

“We are honored to receive an IEDC Excellence Award for the Targeted Industry Brochures we created this year,” said Onward NRV Marketing Manager Abigail Hammack. “It is incredibly exciting to be recognized by our peers for creating a viable asset to promote Virginia’s New River Valley. These brochures allow us to refine and easily execute our pitch for why the NRV is a hub for each of these industries.”

Onward NRV developed a series of four brochures that highlight the region’s experience, assets, and offerings relative to each target industry. Each of these brochures called out the high-level business advantages of choosing the New River Valley. Each brochure also identified subsector industries, industry awards and accolades, and quotes and images from successful existing regional businesses in each category. The brochures are downloadable on the NRV website and are available in hard copy at the Onward NRV.

“This year our judges reviewed some extraordinary projects that advanced both communities and businesses,” said Craig Richard, CEcD, FM, President and CEO of the Tampa Hillsborough Economic Development Corporation and 2018 IEDC Board Chair. “We congratulate all the award winners and thank everyone who nominated their projects for sharing their success with fellow IEDC members. What we learn from each other helps us to grow and advance as a profession. We look forward to even greater participation from economic developers across the globe in the 2019 awards program.”

For more information about Onward NRV, contact Marketing Manager Abigail Hammack at abigail@onwardnrv.org or visit www.OnwardNRV.org.

About the International Economic Development Council: The International Economic Development Council (IEDC) is the world’s largest membership organization for economic development professionals. Economic developers promote economic well-being and quality of life in their communities by creating, retaining, and expanding jobs that facilitate growth and provide a stable tax base. From public to private, rural to urban, and local to international, our members represent the entire range of economic development. Learn more at iedconline.org.

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Virginia’s New River Valley: Virginia’s New River Valley is an eclectic mix of interconnected small towns that each offer their own unique vibe and appeal. The region provides an abundance of cultural and social offerings due to the presence of three world-class universities, while retaining the charm and benefits of small town living. The NRV is home to a diverse and innovative business community with companies that range from high-tech startups to foreign-based corporations to specialty agribusiness. These organizations benefit from the collaborative spirit of our region and a loyal, highly-skilled, and educated workforce. The scenic beauty of the region also fosters a deep connection to nature, which is deepened by access to outdoor recreation and the preservation of our natural environment. It’s clear why Virginia’s New River Valley is “A Natural Fit.”

Onward NRV: Onward NRV is a public/private, regional economic development organization whose mission is to attract and retain world class jobs, investment, and talent in Virginia’s New River Valley. It’s also a movement where leaders from business, government, and higher education work together to promote the economic vitality of the region.

Onward NRV Receives 3 Awards for Regional Marketing

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Onward NRV SEDC Awards

VIRGINIA’S NEW RIVER VALLEY – Onward New River Valley is proud to have received three awards from the Southern Economic Development Council through their 2018 Communication Awards Competition. All submissions featured the river stone branding for Virginia’s New River Valley created with Eddy Alexander.

“We are so thankful to receive three SEDC awards this year,” said Onward NRV Executive Director Charlie Jewell. “The Virginia’s New River Valley branding was, and still is, a huge initiative to raise the visibility of our region as a great place to live, work and do business. We’re very glad to be recognized by our peers in this way. I want to thank our Marketing Manager Abigail Hammack and Eddy Alexander for ensuring the projects were a success.”

Onward NRV SEDC Awards

Awards

Best of Class, Small Division, for the Virginia’s New River Valley rebranding
Certificate of Excellence for the Targeted Industry Brochures
Certificate of Excellence for the Virginia’s New River Valley Website

The rebranding submission included the brand book explaining the meaning and messaging behind the Virginia’s New River Valley river stone brand. It also included other implementations of the brand such as promotional material and documents.

The brochures, which were created in-house, were submitted in the series of four, one for each targeted industry: Advanced Manufacturing, Food Processing & Agribusiness, Information Technology, and Unmanned Systems. The series in total received the award.

The website submission included the entirety of the Virginia’s New River Valley website.

SEDC

The Communication Awards are announced during SEDC’s annual conference. Submissions are evaluated in four divisions. Virginia’s New River Valley is in the “Small Division,” which includes all communities or regions with populations of less than 500,000.

The judges for the awards are economic development professionals from the Southern U.S. The awards are only given to economic development organizations.

The Southern Economic Development Council is a non-profit membership organization and the oldest and largest regional economic development association in North America.

View the full list of award winners here.

Contact Information

For more information, contact Onward NRV Marketing Manager Abigail Hammack.

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Virginia’s New River Valley: Virginia’s New River Valley is an eclectic mix of interconnected small towns that each offer their own unique vibe and appeal. The region provides an abundance of cultural and social offerings due to the presence of three world-class universities, while retaining the charm and benefits of small town living. The NRV is home to a diverse and innovative business community with companies that range from high-tech startups to foreign-based corporations to specialty agribusiness. These organizations benefit from the collaborative spirit of our region and a loyal, highly-skilled, and educated workforce. The scenic beauty of the region also fosters a deep connection to nature, which is deepened by access to outdoor recreation and the preservation of our natural environment. It’s clear why Virginia’s New River Valley is “A Natural Fit.”

Onward NRV: Onward NRV is a public/private, regional economic development organization whose mission is to attract and retain world class jobs, investment, and talent in Virginia’s New River Valley. It’s also a movement where leaders from business, government, and higher education work together to promote the economic vitality of the region.

MELD Manufacturing Corporation Awarded RAPID + TCT Innovation Award for Patented MELD Technology

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The accolade recognizes technological advancement in the 3D printing and additive manufacturing industries

FROM MELD, MONTGOMERY COUNTY, VA – On Thursday, April 26, 2018, MELD Manufacturing Corporation was selected from the more than 300 exhibitors at RAPID + TCT 2018 as the recipient of the Innovation Award. RAPID + TCT, a 3D printing and additive manufacturing event that draws industry leaders from around the globe, is North America’s preeminent event for 3D manufacturing. This year’s show, hosted in Fort Worth, Texas, saw live demonstrations and speakers representing a variety of recognizable institutions, from FIAT/Chrysler and Caterpillar to Lockheed Martin and the United States Army Research Laboratory. The Innovation Award recognizes the most groundbreaking new product or service with industry-changing potential.

MELD Manufacturing Corporation, which was launched earlier this month as a subsidiary of Aeroprobe Corporation, was selected for the award for their patented MELD technology. MELD is a unique process for additive manufacturing that avoids melting the metal, thereby eliminating the weaknesses and other issues associated with melt-based processes. MELD’s open-atmosphere operation and scalable equipment also make it more efficient and capable of making larger parts than similar processes. In addition to additive manufacturing, MELD can be used to repair, coat, and join a wide range of materials, including some metals that cannot be welded with traditional processes.

“The MELD technology is a revolution,” noted MELD Manufacturing Corporation CEO Nanci Hardwick. “To be recognized at RAPID by these industry leaders demonstrates just how much potential MELD has to change the way we think about manufacturing. We want to see MELD adopted across industries, so it’s exciting to see genuine interest from such a diverse crowd.”

The winner of the Innovation Award is selected by a panel of industry experts. This year’s group included judges from industry, government, and academia.

“To earn this award our first year at RAPID is an honor,” said MELD Additive Manufacturing Manager Chase Cox. “MELD is on its way to innovating a number of industries and this award is a great milestone.“

After finishing up at RAPID + TCT, MELD will launch into a busy conference season, including participation in AeroMat in Florida and MegaRust in California in May alone. For customers anxious to learn more about the MELD technology, the company is currently offering machines sales, contract manufacturing, and a variety of other services.

Visit www.meldmanufacturing.com for more information.

CONTACT:
Ryan Davis
ryan.davis@meldmanufacturing.com
200 Technology Drive
Christiansburg, VA 24073
Ph: +1-540-950-3980 x 4226

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MELD Manufacturing Corporation holds more than a dozen patents for MELD technology, an innovative process for additive manufacturing, coating, joining, and repairing metals and metal matrix composites. MELD offers the power to build parts in solid state, thereby avoiding the issues associated with melting. The technology is also open-atmosphere, meaning no special vacuums or chambers are needed for operation. The MELD equipment is scalable and can produce parts much larger than similar processes. MELD Manufacturing Corporation offers MELD machines sales, contract manufacturing, and consulting services. Learn more at www.meldmanufacturing.com.

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Virginia’s New River Valley: For those searching for an inspiring place to live and do business, Virginia’s New River Valley provides both an eclectic small town atmosphere and an innovative, collaborative business community with a loyal, highly skilled, and educated workforce. Offering the best of all worlds – magnificent mountains, cutting-edge research, arts, entertainment, and education – it’s A NATURAL FIT.

Onward NRV: Onward NRV is a public/private, regional economic development organization whose mission is to attract and retain world class jobs, investment and talent in Virginia’s New River Valley. It’s also a movement where leaders from business, government, and higher education work together to promote the economic vitality of the region.

Volvo, Advanced Manufacturing, Virginia's New River Valley

New Brochures Showcase NRV Industries

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New River Valley, VA – Onward NRV has officially published new brochures that showcase the region’s competitive advantages in: Advanced Manufacturing, Information Technology, Food Processing & Agribusiness, and Unmanned Systems.

Through a comprehensive study with the Virginia Tech Office of Economic Development, Onward NRV identified four key clusters to support and grow in the region. A targeted approach ensures that resources are focused on clusters with the greatest local competitive advantage and return on investment for the region. These clusters, and their corresponding niches, funnel new money into the region, offer higher wages and equitable career pathways, and have strong growth forecasts.

Each of the brochures is an overview of the industry and is packed with information that’s helpful for people looking to live, work, and do business in Virginia’s New River Valley. The brochures incorporate the River Stone branding and feature notable accolades, higher education assets, quotes from regional leaders, business advantages, and photos from the NRV.

“These brochures are the culmination of our regional branding and targeted industry initiatives,” said Executive Director Charlie Jewell. “Not only do they look fantastic, but they also embody the spirit of the people and the companies in our region. They’re full of substantial information and will help us raise the visibility of the New River Valley as a hub for these industries.”

See the NRV targeted industry brochures on the Targeted Industry page, or the drop down menu in the regional website header.

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Virginia’s New River Valley: For those searching for an inspiring place to live and do business, Virginia’s New River Valley provides both an eclectic small town atmosphere and an innovative, collaborative business community with a loyal, highly skilled, and educated workforce. Offering the best of all worlds – magnificent mountains, cutting-edge research, arts, entertainment, and education – it’s A NATURAL FIT.

Onward NRV: Onward NRV is a public/private, regional economic development organization whose mission is to attract and retain world class jobs, investment and talent in Virginia’s New River Valley. It’s also a movement where leaders from business, government, and higher education work together to promote the economic vitality of the region.

Governor Northam Announces 60 New Jobs in Giles County

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~Cogar Manufacturing to invest $2.5 million to relocate and expand manufacturing operation~

RICHMOND, VA – Governor Ralph Northam today announced that Cogar Manufacturing, a manufacturer of material handling equipment primarily for the natural resource industries, will invest $2.5 million to relocate its manufacturing operation from Beckley, West Virginia, to the former Caterpillar facility in Giles County. The company has expanded its manufacturing capabilities with the addition of a patented water removal and feeder system for coke producers, increasing Cogar’s customer base and requiring the expansion of its manufacturing footprint. The project will create 60 new jobs.

“Cogar Manufacturing’s decision to move operations from West Virginia to Giles County and expand production is a great testament to the Commonwealth’s competitive operating costs, extensive transportation network, and robust workforce,” said Governor Northam. “The New River Valley’s manufacturing community is booming, and Cogar will be a strong addition. I am thrilled that this new addition will revitalize a vacant facility and create 60 quality jobs in the local economy. We are proud to add another impressive manufacturer to the Commonwealth’s corporate roster, and look forward to Cogar’s future success in Giles County.”

Cogar Manufacturing was established in 1979 and has grown throughout the years, thanks to the dedication of its employees and the help of its customers. Headquartered in Beckley, West Virginia, the company has over 100 years of combined experience manufacturing new equipment and rebuilding existing equipment. Cogar manufactures crushing machines and materials handling and conveying equipment, primarily for the natural resource industries, but has been expanding into refineries and barge and ship transloading. The company has manufacturing facilities in West Virginia and Illinois and a sales and operations office in Texas.

“We are thrilled to welcome Cogar Manufacturing to Giles County and the Commonwealth, and look forward to building a successful partnership,” said Secretary of Commerce and Trade Esther Lee. “Cogar will move into the former Caterpillar facility in Pearisburg, bringing 60 critical employment opportunities back to the region. Virginia’s robust manufacturing workforce of over 240,000 guarantees a solid pipeline of talent for years to come, and we are confident that Cogar Manufacturing will be pleased with its decision to relocate to the New River Valley and the Commonwealth.”

John Cogar, Vice President of Cogar Manufacturing, expressed gratitude to the Commonwealth and to Giles County for the support offered to Cogar in making this decision to move to Virginia: “We are excited about the facility, which offers our company a viable opportunity to expand; we are excited about the work force of Giles County, which offers our company a highly qualified and experienced employee base, and we are grateful to the Commonwealth of Virginia and Governor Northam for supporting our efforts through a grant from the Commonwealth’s Opportunity Fund.”

The Virginia Economic Development Partnership worked with Giles County and Onward New River Valley to secure the project for Virginia. Governor Northam approved a $150,000 Commonwealth’s Opportunity Fund investment to assist the County with the project. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.

“We are very pleased that Cogar has chosen Giles County for its expansion. They represent true American manufacturing and will bring quality job opportunities here for our citizens,” said Board of Supervisors Chairman Jeff Morris.

“This is another great project for Giles County and a testament to the quality of resources, infrastructure, and workforce, that exists in the New River Valley,” added Giles County’s Industrial Development Authority Chairman Dr. S. Lee Wheeler.

“I’m proud of Giles County’s efforts to continue building on recent economic successes, which have brought more than 100 new jobs to the County in recent months,” said Delegate Chris Hurst. “We look forward to welcoming Cogar Manufacturing to the New River Valley.”

“I am very pleased that Cogar Manufacturing chose to relocate to Giles County,” said Senator John Edwards. “The collaborative efforts of Giles County and State Agencies in processing the opportunity funds will greatly benefit the region by providing 60 jobs at the former Caterpillar facility in Pearisburg. I welcome Cogar Manufacturing and commend them for investing in Virginia’s economy and the future of Giles County.”

Full Release

Office of the Governor
Contact: Ofirah Yheskel
Email: Ofirah.Yheskel@governor.virginia.gov

Virginia Economic Development Partnership
Contact: Suzanne Clark
Phone: (804) 545-5806
Email: sclark@yesvirginia.gov

Cogar Manufacturing
Contact: John Cogar
Phone: (304) 252-4435
Email: jcogar@cogarmanufacturing.com

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Virginia’s New River Valley: For those searching for an inspiring place to live and do business, Virginia’s New River Valley provides both an eclectic small town atmosphere and an innovative, collaborative business community with a loyal, highly skilled, and educated workforce. Offering the best of all worlds – magnificent mountains, cutting-edge research, arts, entertainment, and education – it’s A NATURAL FIT.

Onward NRV: Onward NRV is a public/private, regional economic development organization whose mission is to attract and retain world class jobs, investment and talent in Virginia’s New River Valley. It’s also a movement where leaders from business, government, and higher education work together to promote the economic vitality of the region.

Pulaski County and the Town of Pulaski Announce 40 New Jobs

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~Newcan Corporation to Invest $4 Million and Locate Headquarters and Manufacturing Operations to Pulaski County~

PULASKI, VA – On January 17, 2018, Pulaski County in partnership with the Town of Pulaski officially announced Newcan Corporation is moving their headquarters and their main production facility from Holbrook, Massachusetts to Pulaski, Virginia. The move will bring 40 new jobs and an investment of $4 million to Pulaski County. Newcan is a recognized leader in the production of high-quality precision stampings and perforated components. The company has a rich history dating back to 1902, and has pioneered many innovative techniques, resulting in an annual production of over 350,000,000 components. “We are an ISO/TS16949-registered supplier and our commitment to quality is second to none,” stated Rick Boettner, Chairman of Newcan. “We have a great relationship with the Town and County of Pulaski, so when we acquired Newcan it made good sense we would move it to Pulaski because of its premier location and its quality of workforce.”

“In today’s competitive market, I commend Falls Stamping and Welding for the innovation and vision to expand its current capabilities with a new business unit,” said Governor Ralph Northam. “A key aspect of strengthening our economy is ensuring that existing companies of all sizes continue to thrive in the Commonwealth. We thank this important corporate partner for creating 40 new jobs in Pulaski County, and look forward to Falls Stamping and Newcan Corporation’s future success.”

Newcan will be moving into its new home at 28 Jefferson Street in the Town of Pulaski. The facility currently houses Falls Stamping and Welding. Falls will continue to operate within the facility and both companies will have the same management team and ownership, though the companies will make different products and have different customer bases. “Newcan allows us to diversify our product offerings and enables us to increase our customer relationships,” stated Rick Boettner. “Newcan and Falls Stamping both have high standards for quality and customer service and we think having them together in the same facility will make them both even better.”

“It is becoming ever more important for Pulaski County to partner with our Towns to recruit business and industry and provide the support needed to help them stabilize and grow in today’s competitive marketplace,” stated Jonathan D. Sweet, County Administrator. “This is our first announcement of 2018 and it happens to be an excellent example of partnership, pragmatism, and teamwork on both the public and private side of the equation. We are so very thankful for Newcan and its leadership’s decision to locate their headquarters and main production operations to Pulaski County, and we feel confident this strategic move will afford Newcan and Falls Stamping the synergies needed to ensure they remain industry leaders in the precession stamping and perforated components arena for many years to come.”

Newcan is a major supplier to the automotive and industrial filter industry and offers the largest assortment of lock seam tubes available on the market today. They have progressive tooling, feeding, and straightening concepts that allow high-speed production of the most precise stampings at speeds up to 250 parts per minute.

“We have a lot happening in downtown Pulaski and we are excited Newcan has decided to make their new home here,” shared Mayor Nick Glenn, Town of Pulaski. “We are in the process of revitalizing our Main Street and we could not be more pleased to add these new jobs and investments to our local economy. This is also another example of the County and Town working together to better our community as a whole.”

The company will be starting the move in February with hopes to having the facility up and running by July of 2018. Newcan operates three facilities throughout the U.S. that include Greenfield, OH, Gastonia, NC and now Pulaski, VA. This project marks the fifth (5th) basic industry sector announcement for Pulaski County in the past nine (9) months and brings the County’s 9-month totals to 645 new jobs and $65 million in new capital.

Pulaski County, Virginia
Jonathan D. Sweet ICMA-CM
County Administrator
Phone: (540) 980-7705
Email: jsweet@pulaskicounty.org

Newcan Corporation
Jason L. Taft
Chief Financial Officer and V.P. of Sales Phone: (440) 263-1961
Email: jason.taft@falls-stamping.com

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Virginia’s New River Valley: For those searching for an inspiring place to live and do business, Virginia’s New River Valley provides both an eclectic small town atmosphere and an innovative, collaborative business community with a loyal, highly skilled, and educated workforce. Offering the best of both worlds – magnificent mountains, cutting-edge research, arts, entertainment, and education – it’s A NATURAL FIT.

Onward NRV: Onward NRV is a public/private, regional economic development organization whose mission is to attract and retain world class jobs, investment and talent in Virginia’s New River Valley. It’s also a movement where leaders from business, government, and higher education work together to promote the economic vitality of the region.

Governor McAuliffe Announces 83 New Jobs in Giles County

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~ Interstate Group LLC to invest $4.1 million to establish East Coast manufacturing and distribution operation ~

 

GLEN LYN, VA – Governor Terry McAuliffe today announced that Interstate Group LLC, an industry leader in the manufacturing and sale of enclosed cargo trailers, will invest $4.1 million to establish a 100,000-square-foot East Coast manufacturing and distribution operation in the former GE Fairchild Mining Equipment plant in Giles County. Virginia successfully competed against North Carolina for the project, which will create 83 new jobs.

“We are thrilled that Interstate Group has selected Giles County and the Commonwealth as the home of its East Coast operations,” said Governor McAuliffe, speaking at the announcement. “This important project will not only create new jobs for an area that has been hard hit by recent closures, it will bring a shuttered plant back into productive use. With one of the nation’s largest transportation networks, an outstanding workforce, and competitive operating costs, the Commonwealth is the ideal location for Interstate Group as it expands its footprint. This is a major win for the New River Valley, and we are proud the company will contribute to our efforts to diversify and build a new Virginia economy.”

 

Founded in 1995, Interstate Group LLC is an industry leader in the manufacturing and sales of enclosed cargo trailers. The company is headquartered in Nampa, Idaho, and has manufacturing plants in Arkansas, Arizona, and Idaho.

 

“Strengthening the advanced manufacturing sector in the Commonwealth continues to be a top priority, and Interstate Group will be a great addition to the growing cluster in the New River Valley,” said Secretary of Commerce and Trade Todd Haymore. “Interstate Group joins nearly 6,000 manufacturing firms that operate in Virginia and generate more than $113 billion in direct annual economic output, and will bring vital, quality jobs to the region. We’re proud to add the company to our corporate roster, and we look forward to a long partnership.”


“Interstate is excited to select Glen Lyn as the location for our fourth and largest manufacturing plant,” said Michael Snow, CEO of Interstate Group. “We looked at other states in the region and at multiple locations in Virginia. The opportunity to repurpose an existing facility, combined with the incentives we received from the Commonwealth and Giles County, will help us reduce the cost of our investment while preserving our culture of high incentive-based pay for our team members. I have been very impressed with the understanding and responsiveness of the state and local officials to our needs and timelines. We look forward to being part of this community and making it the foundation of our growth on the East Coast.”

 

The Virginia Economic Development Partnership worked with Giles County and Onward New River Valley to secure the project for Virginia. Governor McAuliffe approved a $200,000 Commonwealth’s Opportunity Fund to assist the County with the project. The company will be eligible to receive Sales and Use Tax Exemptions on manufacturing equipment, and will also be eligible to receive a Major Business Facility Job Tax Credit. Funding and services to support Interstate Group’s employee training activities will be provided through the Virginia Jobs Investment Program.

 

“This is great news for the entire New River Valley and we are very excited that Interstate Group has chosen Giles County as the location for its East Coast manufacturing facility,” said Richard McCoy, Chairman of the Giles County Board of Supervisors.

“These jobs are much needed in an economy that has been hard hit by downturns in the coal industry” added Dr. S. Lee Wheeler, Chairman of the Giles County Industrial Development Authority. We appreciate the work of the Economic Development Partnership, the Governor’s office, Onward New River Valley, and all of all those involved in making this a reality.”


Office of the Governor
Contact: Brian Coy
Email: Brian.Coy@governor.virginia.gov

 

Virginia Economic Development Partnership
Contact: Suzanne Clark
Phone: (804) 545-5806
Email: sclark@yesvirginia.org

 

Interstate Group LLC
Contact:  Michael Snow
Phone: 208 442 7640
Email: snowm@interstatecargo.com

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Virginia’s New River Valley: For those searching for an inspiring place to live and do business, Virginia’s New River Valley provides both an eclectic small town atmosphere and an innovative, collaborative business community with a loyal, highly skilled, and educated workforce. Offering the best of both worlds – magnificent mountains, cutting-edge research, arts, entertainment, and education – it’s A NATURAL FIT.

Onward NRV: Onward NRV is a public/private, regional economic development organization whose mission is to attract and retain world class jobs, investment and talent in Virginia’s New River Valley. It’s also a movement where leaders from business, government, and higher education work together to promote the economic vitality of the region.

Volvo Trucks to Secure 270 Acres Adjacent to the NRV Plant

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~Company acquires 49 acres from the Pulaski County IDA and Enters into a Lease Option Agreement on an Additional 221 acres for Future Business Growth Needs.~

DUBLIN, VA – On December 19th, the Pulaski County IDA, in concert with the Board of Supervisors officially conveyed 49 acres to Volvo Trucks as part of a performance agreement following the satisfaction of the company’s commitment to invest $38.1 million for the construction of a new 36,000 sq. ft. Customer Center and several plant upgrades to further improve the safety, quality and efficiency of NRV’s manufacturing processes, resulting in the creation of 32 new jobs. Volvo Trucks’ business case was to acquire the additional property to the south-western portion of the NRV plant in order to extend their 1.1 mile Customer Experience Track. Volvo Trucks has also entered into a Lease Option-to-Purchase Agreement for an additional 221 adjacent acres owned by the Pulaski County IDA. The IDA has worked with company executives to utilize this creative approach to both satisfy the county’s local incentive obligation and increase opportunities for further capital investments by Volvo Trucks to take place within the County.

“Working with the Pulaski County Board of Supervisors, the Industrial Development Authority and the county staff, these efforts led to the acquisition of the 49 acres and the securing of an additional 121 acres through a lease-option agreement.” said Franky Marchand, Vice President & GM of the Volvo Trucks NRV plant. “Our investments in advanced manufacturing, upgrades in our cab and paint facility and the construction of the new Customer Center were all instrumental in facilitating this important land deal. One of our many competitive advantages stems from providing a unique customer experience here. Extending the Customer Experience Track, our innovative products and services, and interaction with our dedicated employees, makes NRV ‘best-in-class’ for customer experience.”

“Volvo’s land acquisition and the option agreement on the more than 220 acres contiguous to their current operations, has the potential to be one of the most transformative investments the County has recently embarked on,” stated Jonathan D. Sweet, County Administrator. “The IDA’s recent purchase of the adjoining property and the subsequent readying of it for Volvo’s use has significant strategic value and affords our region’s largest employer the ability to further enlarge operations and secure new business, both of which could have a positive yield of new jobs, new investments and new opportunities for the county and our citizens.”

This summer the company introduced their new Volvo VNL series within their new Customer Center. This launch helped gain truck sales by bringing thousands of customers and dealers here to Pulaski County, Virginia During those customer events, the company saw confirmation that they needed to expand the track.

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