Balchem Corporation Plans $10 Million Investment in Establishing Virginia Manufacturing Facility
05/03/2012
Governor Bob McDonnell said the Balchem will create 55 new jobs over the next 2 to 3 years.
"We are committed to serving our ever expanding customer base with high quality, industry leading encapsulated nutrients," said Dana Putnam, Vice President and General Manager of Balchem Animal Nutrition & Health. "This new facility and our recent break-through process innovations provide cost effective solutions for greater producer profitability."
The planned expansion will more than double the firm's output capacity for the animal nutrition and health ruminant sector focusing on its new and improved encapsulation technology, she said. The Virginia plant expansion is scheduled to be completed later this fall. The new plant complements an expansion of its Verona, Missouri plant and will leverage breakthrough manufacturing technologies that were developed and deployed there last summer, she added.
Governor McDonnell said, "Alleghany County proved to be an ideal location for Balchem Corporation's first Virginia operation. The strategic location with direct access to Interstates 64 and 81 allows the company to easily serve its domestic customer base in the Northeast and Midwest, and serves as close port proximity for its growing international markets. In addition, the region offers an incredibly talented and ready labor force. Balchem will help contribute to the diversification of Alleghany's manufacturing sector."
"Balchem Corporation's new manufacturing operation is welcome news for an area that is continuing to rebound economically," said Jim Cheng, Virginia Secretary of Commerce and Trade. "Virginia's business cost advantages put us ahead of the competition, and Alleghany County offered the infrastructure and workforce to meet the company's needs."
Alleghany County, Roanoke Regional Partnership, Virginia Economic Development, and the Alleghany Highlands Economic Development all worked to attract the firm, which will operate from a 68,000 square foot facility at the county-owned Allegany Regional Commerce Center, at Commerce Center and Winterberry Ave in Covington, Virginia. The Center is located both in an Enterprise Zone and Foreign Trade Zone, making the firm eligible for tax credits and abatements.
Among incentives offered to the firm the Governor's Opportunity Fund approved a $150,000 grant to help Alleghany County attract the manufacturer. In addition the Virginia Jobs Investment Program, through the state Department of Business Assistance will provide funding for the company's job recruitment and training activities.
Project Announcements
Canfor Expands Fulton, Alabama, Production Operations
04/22/2024
Tucker Door & Trim Plans Henrico County, Virginia, Operations
04/19/2024
Zekelman Industries Expands Blytheville, Arkansas, Operations
04/19/2024
Fibrebond Corporation Expands Webster Parish, Louisiana, Operations
04/19/2024
Master Steel Expands Hardeeville, South Carolina, Operations
04/19/2024
L3Harris Technologies Expands Orange County, Virginia, Operations
04/18/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024