CGT To Create 275 Jobs In New Braunfels, TX

CGT U.S. Limited will construct a new manufacturing facility in New Braunfels, TX, creating at least 275 jobs and $80 million in capital investment.

CGT To Create 275 Jobs In New Braunfels, TX.CGT U.S. Limited will construct a new manufacturing facility in New Braunfels, TX, creating at least 275 jobs and $80 million in capital investment. The project will reshore part of the company’s manufacturing from China and increase the company’s North American capacity.

Canada-based CGT produces coated fabrics and films for automotive and industrial applications, and employs 650 people.

“This new facility will enhance our customer experience by providing an additional source of CGT’s premium vinyl cover stock for our Automotive and Industrial customers,” said Craig Richardson, CEO of CGT. “Our team carefully evaluated a number of potential sites in the Southern U.S. and was most impressed with the advantages associated with Texas, and in particular, the City of New Braunfels.”

CGT had also considered locations in South Carolina and Tennessee for the project. The City of New Braunfels partnered with the Office of the Governor to facilitate state and local support for CGT’s relocation.

A Texas Enterprise Fund (TEF) grant offer of $2 million has been extended to CGT. The Texas Legislature created the TEF in 2003 to help attract new companies to Texas and expand existing businesses to create more jobs. TEF projects must be approved by the governor, lieutenant governor and speaker of the House. The fund has since become one of the state’s most competitive economic development tools.

“I am proud to welcome CGT to the Lone Star State and look forward to seeing their business grow and create jobs in Texas,” said Governor Greg Abbott. “Thanks to our skilled workforce, low-tax and low-regulation climate, Texas will continue to attract industry leaders like CGT. By choosing Texas as the location to reshore part of their manufacturing efforts, we are proving that when given the opportunity, the Lone Star State can compete and win against any economy in the world.”

“At full build-out this project will create 275 jobs in New Braunfels, providing critical career opportunities for our residents and helping in the continuing effort to diversify our economic base,” said New Braunfels Mayor Barron Casteel. “During our visit to CGT’s global headquarters in Canada, we observed a strong company with a dynamic workforce and we know CGT will replicate that in our community.”

The 240,000-square-foot manufacturing plant will be built on 28 acres in the new Titan Industrial Park and is slated for completion by year’s end.

“As one of the city’s four major economic goals, the NBIDC has worked for many years to provide inventory for quality companies and developers,” said Stuart Hansmann, President of the New Braunfels Industrial Development Corporation. “Titan Development’s partnership with the City and the NBIDC to develop this industrial park has helped make this a reality and we are proud that CGT is the company that will help kick it off.”

Capital Investment, Daily News, Economic Development, Industries, Manufacturing, Site Selection Factors, Texas, USA - Southwest

Business Incentives, Capital Investment, CGT, Economic Development, Manufacturing, New Braunfels, Site Selection, Texas

Sponsored Content
Featured Location

Location Spotlight: Explore Minnesota

With a diverse economy built on industry-leading companies, thriving small businesses, high innovation rates, world-class infrastructure and a skilled, educated, and engaged workforce, there’s room for everyone to thrive.

Featured Video

Webinars, Podcasts & Videos

Camp Hall – A Next Generation Commerce Park in South Carolina

Camp Hall is a first-of-its-kind, master-planned industrial work space located in Charleston, S.C. As a convergence of people, place and programming, Camp Hall delivers thoughtful infrastructure and logistical features that empower people — and business — to thrive.

Hear from leaders at the Destination Medical Center and Mayo Clinic Business Development in Rochester about why they feel Minnesota is filled with opportunities for founders and why investors should consider the power of startups in Minnesota.

Business Benefits In Minnesota, a Mayo Clinic Business Development and Destination Medical Center Perspective

Hear from leaders at the Destination Medical Center and Mayo Clinic Business Development in Rochester about why they feel Minnesota is filled with opportunities for founders and why investors should consider the power of startups in Minnesota.

Agricultural Heritage Meets Strong Manufacturing Base With a rich history in agriculture, the region is now made up of a strong manufacturing base, including everything from snack foods and Gatorade, to leading human resources software and revolutionary plug-less power systems for electric vehicles. Mount Rogers Regional Partnership's strategic East Coast location is the driving force.

Virginia’s i81-i77 Crossroads | Talent Retention & Manufacturing

Learn about manufacturing jobs and facilities in the Mount Rogers region of southwest Virginia. There is ample opportunity for education and jobs in a region rich with culture and heritage.

Share to...