Brazilian company to build in Dublin

Brazilian company to build in Dublin

Chamber Articles Category: Industry News Post Date: 09/11/17 Source: The Roanoke Times By: Dominick Mastrangelo
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Koinonia, a Brazilian company that manufactures industrial-use foam, auto parts and soundproofing equipment made public Friday its intention to build a $3.5 million facility in the ShaeDawn Industrial Park on Cleburne Boulevard in Pulaski County.

The event was one of two economic development announcements that brought Governor Terry McAuliffe to the New River Valley on Friday.

The Koinonia announcement, jointly made at the Pete Dye River Course by the Pulaski County Economic Development Office and the Virginia Economic Development Partnership, brings a promise of 40 jobs and $5 million in investment to the region.

The company plans to spend another $1.5 million on equipment and salaries, according to Chief Operating Officer Marcio Lopes.

“We’re very confident we will do well here,” Lopes said. “There were a lot of incentives for us to make this move.”

The location will be Koinonia’s first in the United States. The company shopped four or five other states before settling on the Pulaski County location . Read Full Article