Canada Metal (Pacific) Ltd., headquartered in Vancouver, British Columbia, Canada, will invest more than $3 million to open a facility in Virginia Beach, Virginia
. The company will lease 14,300 square feet of manufacturing space with the potential to expand up to 39,000 square feet at 2572 Horse Pasture Road.
The company manufactures and markets marine and industrial products and is the world’s largest producer of diecast marine anodes some of which are used for offshore oil pipelines. The company also manufactures and markets the Octopus line of marine autopilot drive systems. Its first manufacturing plant in the United States
will create 70 jobs during the next 36 months. In addition to the Vancouver facility, the company also has a manufacturing plant in Ningbo, China.
“Virginia Beach has added another international manufacturer to our expanding global business community,” said Warren D. Harris, Director of Economic Development. “This company aligns perfectly with our aggressive growth in advanced manufacturing
. We are increasingly finding that international companies understand the benefits of locating here with an abundance of highly skilled workers and easy access to international markets through the Ports of Virginia.”
“CMP conducted a very comprehensive investigation as to where to establish their U.S. operation
,” said Vice President of Business Development Jim Stuart. “Virginia Beach came out head and shoulders above all other locations due to its highly skilled labor force
, excellent logistics and most importantly having a culture that personifies our desire to be fully integrated within the community in which we conduct our business.”
The Virginia Beach Economic Development Authority has awarded the company an Economic Development Investment Program
grant in the amount of $110,000 based on the number of jobs created and the capital investment.