Anord will lease 7,400 square feet at 5320 S. Laburnum Ave. (Photo by Burl Rolett)
A pair of foreign manufacturing companies unrolled major Richmond area expansion plans this week.
Ireland-based Anord Control Systems is putting almost $1 million into its first U.S. office at Interport Business Center in Henrico County. Across the river, German firm Evonik Industries announced $15 million renovation plans for a building near the Chesterfield County Airport.
Anord, which makes electrical systems marketed for data centers, plans to add 70 employees in the Richmond area over the next three years.
Evonik, a specialty chemical company that also has a production facility in Hopewell, will add 50 employees to the 130 it currently has locally. It manufactures chemicals for the automotive, plastics and pharmaceutical industries, among others.
Evonik is moving into a vacant building at 7801 Whitepine Road near the Chesterfield airport. The firm last month bought the 18-acre property, which was formerly owned by Reynolds Metals and most recently Chyralis Technologies, for $3.75 million.
Chesterfield has extended a five-year tax abatement for improvements Evonik is set make to the property and a county grant that could total up to $65,000. The state pitched in with a $500,000 grant from the Governor’s Opportunity Fund.
Anord will lease a 7,400-square-feet office and warehouse space at 5320 S. Laburnum Ave. beginning March 1. The company will begin with a sales, marketing and service team in Richmond.
Most of the jobs Anord will create will be in the manufacturing sector, however, and spokesman John Daly said the company would need to expand its Henrico operation over the next few years to accommodate the new workers.
“We would expect to have to move into a larger space at some point in time,” he said.
Anord, which was founded in Ireland in 1969, will operate as Anord Critical Power in the United States. The company’s lease was finalized in the past week. Cushman & Wakefield | Thalhimer brokers Evan Magrill, Dean Meyer and Dawn Calabrese handled the lease negotiations.
Anord will capitalize on the state’s Virginia Jobs Investment Program incentive provided by the Virginia Department of Business Assistance. The program offers recruiting and training services for startups and expanding or relocating business within Virginia. No county incentives were involved in the deal.
The two announcements are the latest in a string of industrial real estate wins Henrico and Chesterfield have scored over the past year. Medical supplier Medline will soon break ground on a distribution center in Chesterfield’s Meadowville Technology Park, and Capital One finished work on its own data center at Meadowville late last year.
In October, Dominion Packaging announced plans to invest $45 million to renovate and outfit a 317,000-square-foot former Mazda distribution center in Henrico.
The Virginia Economic Development Partnership and the Greater Richmond Partnership helped lure both Evonik and Anord to the area in concert with Henrico and Chesterfield counties.
The announcement of new jobs comes days after local Fortune 500 company MeadWestvaco announced hundreds of layoffs.
Anord will lease 7,400 square feet at 5320 S. Laburnum Ave. (Photo by Burl Rolett)
A pair of foreign manufacturing companies unrolled major Richmond area expansion plans this week.
Ireland-based Anord Control Systems is putting almost $1 million into its first U.S. office at Interport Business Center in Henrico County. Across the river, German firm Evonik Industries announced $15 million renovation plans for a building near the Chesterfield County Airport.
Anord, which makes electrical systems marketed for data centers, plans to add 70 employees in the Richmond area over the next three years.
Evonik, a specialty chemical company that also has a production facility in Hopewell, will add 50 employees to the 130 it currently has locally. It manufactures chemicals for the automotive, plastics and pharmaceutical industries, among others.
Evonik is moving into a vacant building at 7801 Whitepine Road near the Chesterfield airport. The firm last month bought the 18-acre property, which was formerly owned by Reynolds Metals and most recently Chyralis Technologies, for $3.75 million.
Chesterfield has extended a five-year tax abatement for improvements Evonik is set make to the property and a county grant that could total up to $65,000. The state pitched in with a $500,000 grant from the Governor’s Opportunity Fund.
Anord will lease a 7,400-square-feet office and warehouse space at 5320 S. Laburnum Ave. beginning March 1. The company will begin with a sales, marketing and service team in Richmond.
Most of the jobs Anord will create will be in the manufacturing sector, however, and spokesman John Daly said the company would need to expand its Henrico operation over the next few years to accommodate the new workers.
“We would expect to have to move into a larger space at some point in time,” he said.
Anord, which was founded in Ireland in 1969, will operate as Anord Critical Power in the United States. The company’s lease was finalized in the past week. Cushman & Wakefield | Thalhimer brokers Evan Magrill, Dean Meyer and Dawn Calabrese handled the lease negotiations.
Anord will capitalize on the state’s Virginia Jobs Investment Program incentive provided by the Virginia Department of Business Assistance. The program offers recruiting and training services for startups and expanding or relocating business within Virginia. No county incentives were involved in the deal.
The two announcements are the latest in a string of industrial real estate wins Henrico and Chesterfield have scored over the past year. Medical supplier Medline will soon break ground on a distribution center in Chesterfield’s Meadowville Technology Park, and Capital One finished work on its own data center at Meadowville late last year.
In October, Dominion Packaging announced plans to invest $45 million to renovate and outfit a 317,000-square-foot former Mazda distribution center in Henrico.
The Virginia Economic Development Partnership and the Greater Richmond Partnership helped lure both Evonik and Anord to the area in concert with Henrico and Chesterfield counties.
The announcement of new jobs comes days after local Fortune 500 company MeadWestvaco announced hundreds of layoffs.