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Austrian-based voestalpine Plans $62 Million Manufacturing Facility Near Cartersville, Georgia, With Plans To Create 220 Jobs

08/15/2012
Austrian-based automotive industry supplier, voestalpine Metal Forming's automotive body parts unit will invest $62 million to build a manufacturing facility near Cartersville in Bartow County, Georgia, with estimates of creating 220 jobs.

voestalpine will be anchor tenant in the Highland 75 development in Bartow County, a 707-acre master planned industrial-corporate park, located between Atlanta and Chattanooga, one mile east of I-75. Highland 75 is a collaboration of Bartow County, the city of Cartersville and Bartow-Cartersville Joint Development Authority.

"Georgia offers automotive industry suppliers such as voestalpine a great combination of the best resources necessary for these companies to compete worldwide," Gov. Nathan Deal said. "By choosing Georgia, voestalpine can be assured of a well-trained workforce, a logistics infrastructure growing in global prominence and a business environment supportive of its future growth.."

"As a supplying partner to the automotive industry, we have a very high commitment to quality to both innovative products and smooth supply chains. Pursuing our strategy to deliver the highest standards to our premium international customers, we have found both a strategically located and business-friendly environment in Cartersville that supports our mindset and will stimulate our future plans for the North American automotive market," said CEO of voestalpine Metal Forming GmbH and member of the Board of voestalpine AG Herbert Eibensteiner.

Georgia officials said Bartow County's geographic advantages played a significant role in voestalpine's decision to choose Bartow County for this new manufacturing operation. With convenient access to I-75, the company can efficiently reach its key U.S. customers in the Southeast and can remain globally connected with ease of access to the Port of Savannah.

"Projects like this do not just happen without the efforts of many involved and committed people," said Bartow County Sole Commissioner Clarence Brown. "Years of hard work from the Joint Development Authority and others are now beginning to pay off. When we made the investment in Highland 75 we felt like this was the way to attract jobs. We welcome voestalpine as the first company in Highland 75 and we are excited about the positive economic impact it will have, particularly through jobs it plans to create in our county."

As an incentive, the Georgia Department of Economic Development partnered with the Cartersville-Bartow County Department of Economic Development to secure this business opportunity for Georgia. According to public records, firm could receive up to $9 million in tax incentives if it meets hiring and other quotas. The company will also receive training assistance from Georgia Quick Start.
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