HENRY COUNTY, VA – Laminate Technologies Inc. will invest $4 million to expand its manufacturing facility in Henry County.
Laminate Technologies, located at 775 Industrial Park Drive, is one of the largest privately held custom laminators in the United States.
The company says it will install a new automated hardwood plywood press line to increase capacity and production to serve its East Coast market.
“Adding hardwood plywood production to our current lamination and fabrication capabilities provides a great product synergy. This, coupled with our neighboring supply partner, Southern Finishing in Martinsville, enables us to bring a lot of value to the market,” said Randy Joseph, Chief Operating Officer at Laminate Technologies Inc.
Virginia successfully competed with Ohio for the project, which will create 42 new jobs.
“We studied several of our East Coast production facilities for expansion but selected our Ridgeway, Virginia location for multiple reasons, including the solid workforce, proximity to customers, and supply chain logistics,” Joseph explained.
Governor Ralph Northam approved a $100,000 grant from the Commonwealth’s Opportunity Fund to assist Henry County with the project.
“Expansions in the advanced manufacturing sector will aid our economic recovery during this ongoing pandemic, and we look forward to partnering with the company on its next phase of growth in Henry County,” Governor Northam said.
Headquartered in Tiffin, Ohio, Laminate Technologies Inc. was established in 1985 as a major supplier of laminated panel products, fabricated components, and globally sourced products for the kitchen cabinet, residential furniture, office furniture, and retail display markets.
The company opened its Henry County operation in 2012.
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