Magnum Venus Products (MVP), a manufacturer of composite application equipment, plans to expand its operations and build a new US$12 million facility that will create approximately 70 jobs over the next five years.
Currently, MVP operates a headquarters in Knoxville and a 75,000 ft2 manufacturing plant in Kent, Washington, USA that employs approximately 100 people. The Kent manufacturing operation will continue to operate after the expansion in Knoxville.
Construction of the new US$12 million facility will take place in two separate phases. Phase I will be completed next year and is approximately 40,000 ft2 . Phase II will provide an additional 40,000 ft2 to the facility.
‘While our company has operated a number of offices and manufacturing locations throughout the United States, our headquarters has been in Knoxville,’ said Peter Hedger, president and CEO of Magnum Venus Products. ‘This is a great location for us with all of the exciting businesses that have moved here in recent years, especially the large number of composite-related businesses.’
This story is reprinted from material from MVP, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
