Business Facilities - September 2008 - (Page 60)

CORPORATE MOVES West Virginia ESSROC Plans $500 Million Upgrade of Martinsburg Cement Plant SSROC Cement Ehuge cement plant Corp. is upgrading its in Martinsburg, WV, a project that is expected to invest $500 million in the facility. The project, expected to be completed early in 2010, will transfer substantial activities from the company’s cement plant in Maryland, which will continue operations. Unlike the Maryland plant, the Martinsburg plant has new pre-heat tower technology that saves time in turning stone into cement, according to company officials. Two years ago, ESSROC undertook a $320-million expansion and modernization of the Martinsburg plant in order to increase its capacity up to 6,000 short tons of “clinker” per day. Headquartered in Nazareth, PA, ESSROC is a leading North American cement manufacturer with an annual capacity of seven million metric tons, operating eight plants and a grinding facility in the United States, Canada and Puerto Rico. ESSROC acquired the former Capital Cement Plant in Martinsburg in 2002. In 2006, ESSROC president George Gregory credited the Berkeley County Commission and the West Virginia Economic Development Authority for playing a pivotal role in the earlier expansion. “[The expansion] was a culmination of more than two years’ work by a host of individuals from within our company, the county and the state,” he said. ESSROC is part of Italcementi Group, one of the largest cement producers in the world and the biggest in the Mediterranean basin. Based in Bergamo, Italy, the Group operates in 19 countries with a staff of over 20,000 and consolidated sales of 4.5 billion euros (about $5.4 billion) in 2004. Wouldn’t your company like to be Toyota Motor Manufacturing, WV is ranked #1 in productivity AGAIN Putnam County, West Virginia In the heart of the I-64 Automotive Corridor 35 #1? 33 OHIO GALLIA JACKSON 33 WVEDA Approves Two Loans ROANE 119 MASON 35 77 LAWRENCE PUTNAM COUNTY, WV CABELL 79 52 64 Huntington 60 119 D BOYD 64 Charleston 52 NTUCKY KANAWHA 60 Putnam Business Park • 205 acres • All Utilities • Only minutes from I-64 • Incentives N WEST VIRGINIA 77 Putnam County Development Authority, Inc. P.O. Box 167 • Scott Depot, WV 25560 Phone: 304-757-0318 • Fax: 304-757-7748 Email: pcda@pcda.org www.pcda.org #1201 at www.BusinessFacilities.com 60 SEPTEMBER 2008 PHOTO: ESSROC ITALCEMENTI GROUP uring its July meeting, the West Virginia Economic Development Authority (WVEDA) gave final approval for loans for two companies: • W. A. Wilson & Sons, $695,000, to purchase glass tempering equipment to be installed at its facility in Wheeling. In business since 1841, W.A. Wilson is a wholesale distributor of glass architectural aluminum products. Currently W.A. Wilson employs 66 workers, a number the company expects to expand to as many as 81 within three years. • HAGO Company, $79,000, to finance a 25,000-square-foot expansion to W.A. Wilson & Sons’ plant in Wheeling. HAGO will lease the facility to W.A. Wilson & Sons. In other action, WVEDA approved $43.3 million in tax-free bonds to help pay for construction of the Longview power plant near Morgantown. The Longview project currently employs more than 500 construction workers. The plant is expected to begin generating electricity in 2010. http://www.pcda.org http://www.pcda.org http://www.BusinessFacilities.com

Table of Contents Feed for the Digital Edition of Business Facilities - September 2008

Business Facilities- September 2008 Contents First Word Snapshots Corporate Moves:�Mississippi Editor's Location Picks 2008 The Palmetto State Reaches Across the Sea Corporate Moves:�Tennessee Metro Spotlight:�Spokane, WA Biotech: Building Block for Development Wind Power Lifts Iowa Germany:�Europe's Economic Juggernaut California Here We Come Up, Up and Away in North Carolina Corporate Moves:�West Virginia Metro Spotlight:�Decatur/Greensburg, IN Advertiser Index Ask the Expert

Business Facilities - September 2008

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