Atarfil Will Invest Over $5M In Suffolk, Virginia

The Spain-based company will establish its first U.S. manufacturing and distribution facility in the City of Suffolk, VA.


https://businessfacilities.com/2017/03/atarfil-will-invest-over-5m-in-suffolk-virginia/
The Spain-based company will establish its first U.S. manufacturing and distribution facility in the City of Suffolk, VA.
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Atarfil Will Invest Over $5M In Virginia

The Spain-based company will establish its first U.S. manufacturing and distribution facility in the City of Suffolk, VA.

Atarfil Will Invest Over $5M In Suffolk, Virginia

Atarfil, a Spain-based company that develops, manufactures, and markets thermoplastic geomembranes, will invest $5.1 million to establish its first U.S. manufacturing and distribution facility in the City of Suffolk. Virginia successfully competed against Maryland for the project, which will create 15 new jobs.

Suffolk Virginia“Atarfil has considered numerous locations around the country, and we are confident that Suffolk and Virginia will be the best springboard to bring our technology and capabilities to the American market,” said Atarfil Managing Director Emilio Carreras Torres. “We are thankful to all of the organizations involved in helping us come to this decision, including the City of Suffolk, Hampton Roads Economic Development Alliance, Port of Virginia and the Virginia Economic Development Partnership.”

The Virginia Economic Development Partnership worked with the City of Suffolk, the Hampton Roads Economic Development Alliance, and the Port of Virginia to secure the project. Governor Terry McAuliffe approved a $60,000 grant from the Commonwealth’s Opportunity Fund to assist the city with the project. The company will also be eligible to receive sales and use tax exemptions on manufacturing equipment. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.

“The advanced manufacturing industry is an integral component of a thriving economy, and securing Atarfil’s first U.S. operation is evidence that this critical sector continues to gain momentum in the commonwealth,” said Gov. McAuliffe. “We are proud that Atarfil has chosen the City of Suffolk and Virginia as its starting point to our national market. The company will be a strong addition to the Hampton Roads corporate community, and we thank the company for being a part of our efforts to diversify and build a new Virginia economy.”

“With its top-tier infrastructure, a talented and dedicated workforce, and close proximity to our port operations, the City of Suffolk is an ideal location for Atarfil’s first manufacturing and distribution operation in the United States,” said Secretary of Commerce and Trade Todd Haymore. “More than 750 internationally-owned companies call the Commonwealth home, and over the past five years, international companies have invested nearly $5 billion in Virginia. We are confident Atarfil will thrive in the commonwealth, and look forward to watching the company’s success.”

“We are honored that Atarfil chose Virginia for its first manufacturing operation in the United States,” said John F. Reinhart, CEO and Executive Director of the Virginia Port Authority. “The decision to locate near The Port of Virginia is an example of a manufacturer recognizing the value of our expanding port and its global reach. It is also a testament to the commonwealth’s multiple business advantages that include an efficient transportation infrastructure and a growing regional Foreign Trade Zone. When companies capitalize on these assets the result is investment and job creation in Virginia. We welcome this announcement and look forward to aiding Atarfil’s success.”

Relocating or Expanding Your Business In Virginia

Considering Virginia for your company’s relocation or expansion project? Check out Business Facilities’ Virginia Incentives and Workforce Development Guide.

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