Nanotech Manufacturer Incubated at University of Texas Pan American to Create 220 Jobs in Nearby McAllen
06/30/2011
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."
Project Announcements
Republic Airways Holdings Plans Tuskegee, Alabama, Training Operations
04/18/2024
South Africa-Based Radel Plans Winston-Salem, North Carolina, Operations
04/18/2024
Firestone Industrial Products Expands Dyersburg, Tennessee, Operations
04/18/2024
Samsung Electronics Expands Taylor, Texas, Chip-Manufacturing Operations
04/18/2024
OMCO Solar Plans Huntsville, Alabama, Production Operations
04/18/2024
Martco-RoyOMartin Upgrades Allen Parish, Louisiana, Operations
04/18/2024
Most Read
-
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
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024