Australia-based Wagners CFT Builds Cresson, Texas, U.S. Manufacturing Plant
06/02/2021
Wagners Composite Fibre Technologies, a subsidiary of Wagners Holding Limited Group, manufactures a range of structural fiberglass sections that are fabricated into beams for use in bridges, boardwalks, and marine infrastructure. The facility will be the company's first U.S. manufacturing plant.
“Wagners CFT is excited to break ground on our new manufacturing plant in Cresson, Texas, with commercial operations to begin in October 2021,” said Michael Kemp, Executive General Manager. “This facility will generate over 300 full-time jobs focused on supplying cutting edge Composite Fiber Infrastructure for bridges, boardwalks, light poles, and marine projects.”
A Texas Enterprise Fund (TEF) grant of $1,799,984 has been extended as an incentive to Wagners CFT, LLC.
"The Parker County Economic Development Council (PCEDC) is excited to welcome Wagners to our community,” said Patrick Lawler, PCEDC Executive Director. “The foundation built and lessons learned during this recruitment will pay dividends for future projects, and our members will continue to work hard to build a vibrant economic future for Parker County."
Project Announcements
ValorFlex Packaging Plans Bowling Green, Kentucky, Production Operations
06/30/2025
Neuro.io Plans Terrebonne Parish, Louisiana, Operations
06/30/2025
Germany-Based MTU Maintenance Expands Fort Worth, Texas, MRO Operations
06/30/2025
Cascade Die Casting Group Expands High Point, North Carolina, Manufacturing Operations
06/30/2025
BuildOps Plans Raleigh, North Carolina, Operations
06/30/2025
Point Blank Enterprises Plans Wakulla County, Florida, Operations
06/30/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024