Viking Group Plans Richmond, Indiana, Pipe Manufacturing Factory
The facility is for the company's subsidiary MV Pipe LLC. and will be located on 40 acres of land, according to company officials. Construction is scheduled to begin in 2023, with completion in 2024.
“We are thrilled to be bringing a new manufacturing facility to Indiana and to be partnering with the Indiana Economic Development Corporation, Economic Development Corporation of Wayne County, and the City of Richmond,” said James Golinveaux, President & CEO of Viking Group, Inc. “This new facility will be instrumental in the introduction of our new Fendium pipe to the U.S. market. Fendium is a game-changing product in the fire protection industry, offering advanced corrosion-resistant properties making it a highly attractive option for a wide range of applications.
Based on the company’s job creation plans, the Indiana Economic Development Corporation (IEDC) committed up to $1.5 million in the form of incentive-based tax credits and up to $67,500 in training grants. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired and trained. Local incentives include a cash grant and tax abatements which will go through the approval process at a later date, according to company officials.
“We are excited to welcome MV Pipe LLC to Indiana, as they will create high-paying jobs and help advance Indiana's flourishing manufacturing industry,” noted IEDC Chief Strategy Officer Ann Lathrop. "The state’s workforce and Hoosiers' skill sets will benefit from their presence in the state."
The companies of the Viking Group (Viking Corporation, Viking SupplyNet, Viking Fabrication Services, and Viking Plastics) provide independent fire sprinkler contractors with integrated solutions for fire protection challenges.
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