Nanotech Manufacturer Incubated at University of Texas Pan American to Create 220 Jobs in Nearby McAllen
FibeRio produces and sells equipment for producing nanofibres to the nonwovens and textiles market. The equipment that FibeRio will be producing at it's McAllen facility will incorporate a trademarked methodology called Forcespinning, which increases the types of materials that can be used and is more cost effective for industrial production of nanofibre. The methodology was incubated at nearby University of Texas Pan American in Edinburg where the core technology was developed. FibeRio is the first company to ever be spun out of the University of Texas Pan American incubator system.
According to a press release from McAllen Economic Development Corporation, FibeRio will eventually create a total of 220 jobs in the region with the opening of their company headquarters in McAllen.
McAllen EDC has worked closely with FibeRio to secure incentives and facilitate a smooth transition from the University to their new facility in McAllen. Ed Peno, COO of FibeRio mentioned, "The MEDC has worked closely with us for several months on site location, cross-border contacts, introducing financial programs and facilitating lease negotiations."
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