CGT U.S. Limited Plans New Manufacturing Facility In New Braunfels, Texas
01/06/2016
The project will reshore part of the company’s manufacturing from China and increase North American capacity. Craig Richardson, CEO of CGT said that “This new facility will enhance our customer experience by providing an additional source of CGT’s premium vinyl cover stock for our Automotive and Industrial customers. Our team carefully evaluated a number of potential sites in the Southern U.S. and was most impressed with the advantages associated with Texas, and in particular, the City of New Braunfels."
As an incentive, the state offered to provide a Texas Enterprise Fund grant offer of $2 million to CGT. In addition, the City of New Braunfels partnered with the Office of the Governor to facilitate state and local support for CGT’s relocation.
“At full build-out this project will create 275 jobs in New Braunfels, providing critical career opportunities for our residents and helping in the continuing effort to diversify our economic base,” said New Braunfels Mayor Barron Casteel. “During our visit to CGT’s global headquarters in Canada, we observed a strong company with a dynamic workforce and we know CGT will replicate that in our community.”
“I am proud to welcome CGT to the Lone Star State and look forward to seeing their business grow and create jobs in Texas,” said Governor Greg Abbott. “Thanks to our skilled workforce, low-tax and low-regulation climate, Texas will continue to attract industry leaders like CGT. By choosing Texas as the location to reshore part of their manufacturing efforts, we are proving that when given the opportunity, the Lone Star State can compete and win against any economy in the world.”
“As one of the city’s four major economic goals, the NBIDC has worked for many years to provide inventory for quality companies and developers,” said Stuart Hansmann, President of the New Braunfels Industrial Development Corporation. “Titan Development’s partnership with the City and the NBIDC to develop this industrial park has helped make this a reality and we are proud that CGT is the company that will help kick it off."
Project Announcements
India-Based Granules Consumer Health Expands Prince William County, Virginia, Operations
11/08/2024
Taiwan-Based Sunlit Fluo & Chemical Establishes Phoenix, Arizona, Semiconductor Material Operations
11/07/2024
Ontic Plans Miramar, Florida, MRO Operations
11/07/2024
American International Group Plans Atlanta, Georgia, Innovation Hub
11/06/2024
TMC Transformers USA Expands Waynesboro, Georgia, Manufacturing Operations
11/06/2024
HealthTrackRx Plans Louisville, Kentucky, Research Operations
11/06/2024
Most Read
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024
-
The Role of Rail in Industrial Development
Q4 2024
-
Cold Storage: The Next Big Thing in Industrial Real Estate
Q3 2024
-
Exploring the Dynamic Landscape of Industrial Packaging Solutions
Q3 2024
-
Hydrogen Industry in Canada: A Global Leader in the Clean Energy Revolution
Q3 2024
-
Which AI Tools Work for Job Recruiters?
Q3 2024
-
Permitted Power Capacity Foreshadows Health of Regional Economies
Q3 2024