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
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
How to Overcome NIMBYism in Data Centers
Q2 2024