JSC “Valmieras stikla šķiedra” establishes its’ first U.S. manufacturing facility in Laurens Country

Gov. of Georgia Nathan Deal announced today that JSC “Valmieras stikla šķiedra” will locate its’ first U.S. manufacturing facility in Dublin, Laurens County.

In this U.S. based manufacturing facility it is planned to create 150 jobs and investing $20 million within five years.  

Valmiera Glass USA Corp. will locate on 40-acres in an Industrial Park on I-16 in Dublin, Ga. The approximately 80,000-square-foot (~7.4 Thousand square-meter) facility will manufacture higher, value-added fiberglass products for the North American market. Because the manufacturing process is highly automated, the company will require well-trained candidates and the newly created jobs will be well-paid. Valmiera Glass USA Corp. will also take advantage of QuickStart, Georgia’s top-ranked workforce training program.

“The new headquarter and manufacturing facility in the United States is a customer-oriented business development step. Valmiera Glass Group sales increases in North America every year, 14% of the total turnover of the company are exported directly to the United States and Canada. Now we will ensure that the products are available closer to the customer, the products will fall out of schedule, long-term profitability will increase and we will have a chance to develop closer partnerships with our key customers. The manufacturing facility in the USA gives us new opportunities for business growth and will strengthen Valmiera Glass Group positions in the market of glass fiber products all over the world,” said Andre Heinz Schwiontek, the Board Member and Vice President of JSC “Valmieras stikla šķiedra”.

"The Dublin Lauren's County Development Authority is extremely happy to have Valmiera join our community,” said Scott Beasley, Chairman of the Dublin Lauren’s County Development Authority. “They are very strong financially and will be manufacturing products that will be used in the automotive industry. We appreciate their investment into Lauren's County and the jobs that will follow."

“A highly educated workforce is critical for high-tech companies such as Valmiera Glass,” said GDEcD Commissioner Chris Carr. “Without question, Georgia’s advanced labor pool, combined with an interconnected transportation infrastructure and one of the fastest growing container ports in North America, the Port of Savannah, will provide the support that Valmiera Glass needs in order to better reach the North American market.”

As already the management of JSC “Valmieras stikla šķiedra” has informed, the planned production start of Valmiera Glass USA Corp. is in the first quarter of 2015, firstly investing USD 6.5 Million (EUR 4.8 Million). It is planned that the company will produce the products with higher added value.

600450 JSC “Valmieras stikla šķiedra” establishes its’ first U.S. manufacturing facility in Laurens Country glassonweb.com
Date: 11 August 2014
Source: www.vss.lv

See more news about:

Others also read

This report was created for strategic planners, international executives and import/export managers who are concerned with the market for nonwired glass sheets of float glass and surface ground or polished glass.
New Business to Support Company's Growing Presence in East and Central African Markets - H.B. Fuller Company (NYSE: FUL) announced today that it has signed an agreement to purchase Continental Products Limited, a provider of industrial adhesives in East and Central Africa.
"Opportunity in the Indian Glass Market - 2014 : Market size, Market share, Market landscape, Market trend analysis, Growth drivers, Future opportunity, Future forecast" provides an insight into the Indian Glass current market scenario, structure and practices.
Coinciding with the fulfillment of the ARTESUN project´s first year (November), the third Project Meeting took place at Corning headquarters in Avon, France    Funded by the European Comission through its Seventh Framework Programme, ARTESUN Project aims to develop organic photovoltaic solar cells (OPV) through the implementation of three full-scale prototypes.
For overview analysis, the report introduces Fire Glass basic information including definition, classification, application, industry chain structure, industry overview, policy analysis, and news analysis, etc   Browse Full Report With TOC @ http://www.radiantinsights.com/research/global-fire-glass-industryFor international and China market analysis, the report analyzes Fire Glass markets in China and other countries or regions (such as US, Europe, Japan, etc) by presenting research on global products of different types and applications developments and trends of market, technology, and competitive landscape, and leading suppliers and countries’ 2009-2014 capacity, production, cost, price, profit, production value, and gross margin.
Dubai Investments (DI) CEO Khalid Bin Kalban has revealed that the Company seeks to examine several expansion opportunities in 2015.

Add new comment