Italy-Based ELDOR Corp Plans $75 Million Production Plant In Botetourt County, Virginia
Headquartered in Orsenigo, Como, Italy, ELDOR Corporation is a leading company in the research, development and production of ignition coils, engine control units and combustion management systems based on the analysis of ionic currents, as well as of electric systems for hybrid and electric applications. The company has three Research & Development operations in Italy, production plants in Italy, Turkey, China and Brazil, and technical offices in the U.S., China and Germany.
“Virginia is particularly business-oriented, with its pro-business laws, Port of Virginia access, logistics and infrastructure,” said Pasquale Forte, President/CEO of ELDOR Corporation. “We found a community of genuine and collaborative people, focused on supporting investment in a practical way and with great commitment. The community has welcomed us with a professional attitude, but also with respect and friendship.”
“We found top-class universities and a great community college, with programs dedicated to the mechatronics sector that will grow excellent young engineers with the skills necessary to run ELDOR’s advanced automated lines. Finally, the Roanoke Valley is a beautiful region with natural beauty and quality of life. I am confident that people who come to our plant from around the world will be amazed by this beauty. Technology, passion, dreams: this is ELDOR and we are confident that Virginia – and the County of Botetourt in particular – is the best choice to carry on, with passion, this dream,” he added.
The Virginia Economic Development Partnership worked with Botetourt County and the Roanoke Regional Partnership to secure the project for Virginia. Governor McAuliffe approved a $3.2 million grant from the Commonwealth’s Opportunity Fund to assist Botetourt County with the project.
In addition, the company will receive benefits from the Port of Virginia Economic and Infrastructure Development Zone Grant Program, and 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 tremendous project is a significant win for the Commonwealth and for Botetourt County. The decision by an international company of ELDOR Corporation’s caliber to choose Virginia for its first U.S. production plant is a strong testament to our business environment, workforce and strategic location. Both the advanced manufacturing and automotive sectors are booming in the Commonwealth, and ELDOR will be a great asset to the growing industry cluster in the Roanoke Valley. This is the type of project we are working to attract, bringing hundreds of good-paying manufacturing jobs that help us to diversify and build a new Virginia economy.”
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