Australia-based Wagners CFT will establish a new manufacturing and assembly facility in Parker County, Texas. The project is expected to create 304 new jobs.
Wagners Composite Fibre Technologies, a subsidiary of Wagners Holding Limited Group, manufactures a range of structural fiberglass sections that are fabricated into beams for use in bridges, boardwalks, and marine infrastructure. The facility will be the company's first U.S. manufacturing plant.
“Wagners CFT is excited to break ground on our new manufacturing plant in Cresson, Texas, with commercial operations to begin in October 2021,” said Michael Kemp, Executive General Manager. “This facility will generate over 300 full-time jobs focused on supplying cutting edge Composite Fiber Infrastructure for bridges, boardwalks, light poles, and marine projects.”
A Texas Enterprise Fund (TEF) grant of $1,799,984 has been extended as an incentive to Wagners CFT, LLC.
"The Parker County Economic Development Council (PCEDC) is excited to welcome Wagners to our community,” said Patrick Lawler, PCEDC Executive Director. “The foundation built and lessons learned during this recruitment will pay dividends for future projects, and our members will continue to work hard to build a vibrant economic future for Parker County."