South Korea-Based Navien Selects James City County, Virginia for U.S. Manufacturing Plant
“Navien’s decision to locate its first U.S. manufacturing operation in James City County demonstrates the competitive advantage that Virginia offers to international companies looking to expand into new markets,” said Governor Ralph Northam. “This project is an important win for the Greater Williamsburg region and our Commonwealth, as Navien will bring a key facility back into productive use, create 180 high-quality jobs, and utilize the nearby Port of Virginia as its gateway to the world.”
Navien, Inc., a U.S. subsidiary of Seoul-based KD Navien, is one of the fastest growing companies in the home comfort sector in North America, state officials said. The company has over 40 years of experience with advanced boiler and water heating technology. Navien is a leader in condensing technology and providing condensing and non-condensing tankless water heaters, combi-boilers, and boilers that have state-of-the-art technology, high efficiency, and reliable quality.
“The close proximity of this property to the Port of Virginia and the flexibility to expand and allow for Navien’s continued investment over time helped us make this decision,” said Navien CEO Sangkyu Lee. “Establishing an East Coast facility will support Navien’s growth and allow for faster delivery to primary eastern markets while balancing current shipments coming into California. We look forward to working with the Virginia Talent Accelerator Program as we grow this facility and its importance to Navien’s overall leadership position in North America.”
The Virginia Economic Development Partnership worked with James City County, the Greater Williamsburg Partnership, and the Port of Virginia to secure the project for Virginia. Governor Northam approved an $850,000 grant from the Commonwealth’s Opportunity Fund to assist James City County with the project. The company is also eligible to receive benefits from the Port of Virginia Economic and Infrastructure Development Zone Grant Program.
Support for Navien’s job creation will be provided through the Virginia Talent Accelerator Program, a new workforce initiative created by VEDP in collaboration with the Virginia Community College System, with funding support from the Northam administration and the Virginia General Assembly.
Launched in 2019, the program accelerates new facility start-ups through the direct delivery of recruitment and training services that are fully customized to a company’s unique products, processes, equipment, standards, and culture. All program services are provided at no cost to qualified new and expanding companies as an incentive for job creation. Navien is the fourth company to benefit from the Virginia Talent Accelerator Program.
“We are proud to welcome Navien to Virginia and James City County, and look forward to building a strong corporate partnership as the company expands its footprint in North American markets,” said Secretary of Commerce and Trade Brian Ball. “The Commonwealth offers the location, infrastructure, and robust workforce that attract global companies like Navien, and I congratulate all the partners involved in securing this significant project.”
“Navien’s decision to invest $77.5 million to build its East Coast assembly and manufacturing operation in James City County says, very clearly, that Virginia is a world-class business destination,” said John F. Reinhart, CEO and Executive Director of the Virginia Port Authority. “This move will bolster the Virginia economy with new jobs and economic investment. It is also an example of a manufacturer recognizing the value of the Commonwealth’s many business advantages and assets, and among them is expanding global reach of the Port of Virginia.”
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