Pennsylvania is investing?$1.5 million to support the Lehigh Valley-based manufacturing company Victaulic, Gov. Josh Shapiro?announced Tuesday.
Headquartered in Easton, Victaulic is the originator and world’s leading producer of grooved mechanical pipe joining and flow control systems, according to a release.?The company’s $100 million?expansion project will create at least 214 new, full-time jobs and retain an additional 1,611 jobs across Pennsylvania.
“With the support of the commonwealth, Victaulic is investing $100 million in Tioga County to expand its manufacturing capacity and create 214 new jobs,” Shapiro said in a statement. “Since day one, my administration has had a clear plan to double down on our investments in economic development so Pennsylvania companies like Victaulic can compete and win, and I want more companies to grow and succeed here in Pennsylvania.
“By investing in economic development projects like this one, we are creating good-paying jobs, reigniting our economy, and supporting our communities,” added Shapiro.
Victaulic will construct a 150,000-square-foot addition to its Lawrenceville foundry to accommodate new molding lines, melt furnaces, core machines, and automated finishing and paint equipment to help produce larger scale products, per a release.?The expansion will also include a 60,000 square-foot machine shop with state-of-the-art Computer Numerical Control equipment.
"This expansion underscores our unwavering commitment to creating family-sustaining jobs that positively impact our community,” said Rick Bucher, Victaulic president and CEO . “The expansion will also bolster our manufacturing infrastructure, ensuring Victaulic remains the industry leader in producing high-quality, innovative solutions for the construction industry and our North American customers.”
Bucher added that the investment demonstrates the company’s “commitment to sustainable growth by incorporating production efficiency using the cleanest modern melting technology available. Victaulic takes pride in the fact that our solutions are manufactured using 100% recycled steel and are infinitely reconfigurable.”
The Department of Community and Economic Development (DCED) delivered to Victaulic a funding proposal for a?$1.07 million?Pennsylvania First Program grant and up to a $428,000 Workforce and Development Network grant to train workers.?
“Since day one, the Shapiro Administration has been laser focused on attracting new companies and supporting existing Pennsylvania businesses like Victaulic,” DCED Secretary Rick Siger said.?“We’re thrilled to support this project that will create 214 new jobs in Tioga County and inject at least $100 million into Pennsylvania’s economy.”
The Governor’s Action Team, a group of economic development professionals who report directly to the governor and work with businesses that? are considering locating or expanding in Pennsylvania, coordinated the project. Sen. Gene Yaw worked with the Governor’s Action Team and Victaulic on the project.?
"Victaulic's expansion signifies a pivotal investment in the community, championing economic growth and the creation of numerous jobs, while reinforcing our dedication to local prosperity and innovation,” said Yaw.
Copyright © 2024 BridgeTower Media. All Rights Reserved.
Most Popular
Comments / 0