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German BMZ USA Selects Virginia Beach for U.S. HQ

BMZ USA, a subsidiary of German BMZ GmbH, a battery pack assembly firm, will locate its U.S. headquarters in Virginia Beach, Virginia. The company will invest $500,000 in the expansion. It will handle North American operations for its lithium ion batteries. The project could create up to 50 jobs by the end of the year.

"After carefully researching several states on the East Coast, we decided to locate BMZ USA in Virginia," said Sven Bauer, managing director of BMZ GmbH. "Virginia Beach was especially attractive because of its large community of international companies, some with which we already have business relationships. The proximity to the international port, infrastructure, abundance of qualified personnel, and the assistance from the economic development office helped us finalize our decision."

Additionally, BMZ USA will import lithium ion batteries from Asia to assemble, and will assemble and distribute finished goods to North American customers.

The project resulted from a European trade mission by Governor Bob McDonnell in July 2010.


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