EURO-COMPOSITES Group Expands Culpeper County, Virginia, Manufacturing Campus
The company will expand the facility by 51,000 square feet and add new equipment to increase production of composite-based parts associated with the aerospace industry.
Michael Graham, President/COO, Sales, Production & Technology, said, “We are proud to be a business partner in Culpeper County and an integral part of the Culpeper community for over 25 years. EURO-COMPOSITES Group is committed to the long-term growth of its U.S. business here in Culpeper. We are looking forward to working closely with the City of Culpeper, Culpeper County, and the Commonwealth of Virginia as we invest in new facilities, manufacturing equipment, and new employees to support our future growth."
“We have partnered with Germanna Community College to bring specialized CNC training to our best employees and are looking to extend our technical training opportunities in the future. We want to thank Governor McAuliffe for his staunch support for business growth in Virginia and particularly to EURO-COMPOSITES® Corporation’s new facility expansion project this year,” he added.
Virginia Economic Development Partnership worked with Culpeper County to secure the project for Virginia which will create 58 new jobs. Governor McAuliffe approved a $150,000 grant from the Commonwealth’s Opportunity Fund to assist Culpeper County with the project. The company will receive benefits from the Port of Virginia Economic and Infrastructure Development Zone Grant Program. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.
Governor Terry McAuliffe said, “This significant project represents EURO-COMPOSITES Group’s second major investment in its only U.S. operation. An expanded facility and new equipment for increased production secures its viability as a major employer in Culpeper County for years to come. We appreciate the company’s commitment to the Commonwealth, and celebrate 58 new, good-paying manufacturing jobs that provide workers with skills of the 21st century that are essential in our efforts to build a new Virginia economy.”
“EURO-COMPOSITES expansion in Culpeper is great news for the growing manufacturing industry in the region and across the Commonwealth,” said Secretary of Commerce and Trade Maurice Jones. “We are especially pleased when an existing business is growing and creating new jobs for Virginians, and this expansion is another testament to the world-class talent, outstanding infrastructure and great quality of life in Virginia.”
“The decision by EURO-COMPOSITES< to expand its North American headquarters will bring jobs and tax revenue to the Commonwealth, and it also means additional cargo moving across The Port of Virginia,” said John F. Reinhart, CEO/Executive Director of the Virginia Port Authority. “For companies that are expanding in Central Virginia, like EURO-COMPOSITES®, we believe in the potential for them to become users of Richmond Marine Terminal, given our reinvestment there and their proximity to that facility.”
How are Uncertain Times Altering Company Location Strategies?
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row
2020 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
Site Selection 2020: The Importance of “Regional Depth” with Global Reach
Infrastructure Investment as an Economic Stimulus Tool
34th Annual Corporate Survey & the 16th Annual Consultants Survey