More good news for Danville
- February 14, 2008
Paula C. Squires
For the second time in less than two years, Danville has snagged a major furniture manufacturer. Com.40 Ltd, a Poland-based manufacturer of mattresses and upholstered furniture, announced Thursday that it will invest $36.3 million to open a factory in Danville that’s expected to create 813 jobs.
Com.40, a private company based in Nowe Skalmierzyce, Poland, is a key supplier to IKEA, the giant Swedish home furnishings retailer. IKEA’s Swedwood furniture subsidiary opened its first U.S. factory in Danville in January, a $281 million plant that Swedwood says will generate as many as 740 jobs.
Com.40 Ltd’s announcement comes 16 months after Swedwood/IKEA announced its investment in this Southern Virginian city, which has been hard hit by earlier layoffs and closures in the furniture and textile industries. “Danville continues its extraordinary rebound,” said Gov. Timothy M. Kaine. “This project marks the single largest Polish investment in Virginia.”
Bogdan Kaczmarek, the company’s CEO and owner, said Danville was a good place for Com.40 to enter the North American market. “The strategic location and solid transportation infrastructure puts us in close proximity to IKEA stores on the East Coast, as well as components suppliers. The city of Danville and state officials offered an impressive pro-business approach and strong support. This, combined with the region’s available, educated labor force, made choosing Danville an easy decision.”
To assist Danville in landing the project, Kaine approved $1.5 million from the deal-closing Governor’s Opportunity Fund. Another $900,000 in funds will come from the Virginia Tobacco Indemnification and Community Revitalization Commission. The company also is eligible to receive other state incentives, due to its location in a Virginia Enterprise Zone.