Mississippi Silicon Invests $200 Million In Burnsville, Mississippi, Silicon Metal Manufacturing Facility
Area Development Online News Desk (01/02/2014)
Mississippi Silicon, a strategic partnership between Brazil-based Rima Holdings USA and domestic investor group Clean Tech I, will invest $200 million to establish a new silicon metal production facility in Burnsville, Mississippi, with plans to create 200 jobs in Tishomingo County.
The new facility will produce silicon metal for a broad range of industries in the United States including the aluminum, automotive and chemical industries. Mississippi Silicon’s high-tech facility is expected to be one of the most efficient and cost competitive silicon metal production facilities in the world.
“Rima is proud to be joining forces with a high-profile group of investors, and we look forward to supporting our global network of silicon metal customers and especially our United States-based customers with this new facility,” said Rima Industrial CEO and President Ricardo Vicintin. “Rima considered many locations around the world for the new facility, and we greatly appreciate the support and enthusiasm shown by the citizens and government leaders in Mississippi.”
“The tremendous support at the local and state levels was a key factor in the decision to locate our operations in Tishomingo County,” said Mississippi Silicon Chairman of the Board John Correnti. “Mississippi Silicon looks forward to becoming an engine of economic growth in northeast Mississippi.”
“I congratulate the team at Mississippi Silicon for becoming the state’s newest corporate partner and for choosing Tishomingo County,” said Gov. Phil Bryant. “Mississippi is strongly positioned for growth in advanced manufacturing, and I am pleased to see another company placing its faith in our world-class workforce. We look forward to working with Mississippi Silicon and wish the company many years of success.”
In support of the project, the Mississippi Development Authority provided assistance through the Mississippi Industry Incentive Financing Revolving Fund for building construction and workforce training, as well as the state’s New Market Tax Credits. Tishomingo County and Tennessee Valley Authority provided assistance for the project, as well.
“This is an exciting way to enter into the New Year as Mississippi Silicon announces it is locating manufacturing operations in northeast Mississippi and creating these jobs,” said MDA Executive Director Brent Christensen. “We appreciate our partners in Tishomingo County and at TVA who worked with us to make this project a reality, and we wish Mississippi Silicon many years of success in our state.”