Commonwealth Applied Silica Technologies will invest $35 million to revitalize, renovate and expand a former Campbell County, Virginia foundry, and establish its silica ore processing facility, creating an estimated 300 jobs.
“We are very pleased to be locating our new facility here in Campbell County. We believe its location and workforce make it an ideal place for our firm and its future. We are looking forward to a long and prosperous relationship here in Central Virginia,” said C.A.S.T. Jr. President, C. Richard Scales.
As an incentive, industrial development grants from the Tobacco Commission and Campbell County will aid in the revitalization and renovation of a manufacturing facility. The firm will also receive Virginia Jobs Investment Program funds for workforce training. The Region 2000 Economic Development Council, the Virginia Economic Development Partnership, and the Department of Business Assistance also assisted with this project.
C.A.S.T.’s capital investment in the facility and commitment in creating additional jobs was a key component to receiving the grants, a Campbell County Economic Development spokesman said. This new center will add up to $35 million in capital investment including building renovations, building expansion and new machinery and tools. It will likewise create up to 300 new jobs over the next 36 months. The facility in Campbell County will process silica ore and extract high value components for resale.
“The creation of new, good jobs and the capital investment is great news as is the repurposing of a portion of the former foundry site,” said Eddie Gunter Jr., Campbell County Board of Supervisors member.
“Campbell County is delighted with C.A.S.T.’s decision to locate their manufacturing center in Campbell County,” stated Eddie Gunter Jr., Board of Supervisors member. “The creation of new, good jobs and the capital investment is great news as is the repurposing of a portion of the former foundry site. We’re happy to assist the project and look forward to a long working relationship.”