EURO-COMPOSITES expands Virginia facility

Luxemburg-based EURO-COMPOSITES will invest $11.25 million to expand its Elkwood, Va., facility, which makes honeycomb composite materials for aerospace and other applications.

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Virginia Governor Bob McDonnell has announced that EURO-COMPOSITES Corp. (Echternach, Luxemburg) will invest $11.25 million to expand its Elkwood, Va., facility. The operation manufactures honeycomb composite material used in the aerospace and other industry sectors and will create 70 new jobs.

Governor McDonnell said, "Not only is this Culpeper County location EURO-COMPOSITES Corp.'s only operation in the U.S., it serves as its national headquarters. The company has 664 employees company-wide with 82 employees in Culpeper. This project will bring 70 new jobs to Culpeper, while enabling the company to expand their current facility and increase production to strategically position themselves for future project prospects."

"A key deciding factor in our continued expansion in Virginia was the commitment to our employees and the critical role they play, not only in our success, but in future growth plans," said Sylke Heil, executive vice president administration & treasurer, EURO-COMPOSITES Corp. Matthew Flyer, executive vice president sales & engineering, EURO-COMPOSITES Corp., added, "With the support from the state and Culpeper County we feel we can continue to attract the dedicated and skilled employees necessary for success."

The Virginia Economic Development Partnership worked with Culpeper County to secure the project for Virginia. Governor McDonnell approved a $150,000 grant from the Governor's Opportunity Fund to assist Culpeper County with the project. Through its Virginia Jobs Investment Program, the Virginia Department of Business Assistance (VDBA) will provide funding and services to support the company's recruitment and training activities.