Lindenburg Industry will invest $113 million in a U.S. manufacturing operation in Appomattox
- November 5, 2014
Lindenburg Industry LLC said Wednesday it will invest $113 million to set up its first U.S. manufacturing operation in Appomattox. The company, a subsidiary of a Chinese firm, said the project would create 349 new jobs in the area.
Lindenburg will establish an industrial honeycomb manufacturing operation where it will make industrial environmental control components used in clean air emissions. Lindenburg’s parent company is EagleRide Investment Holdings Ltd., a publicly-traded company in Hong Kong that focuses on energy, energy conservation and environmental protection related technologies.
“The U.S is characterized by low political risk, as well as an advanced level of legal protections for doing business and making investments,” Stella Li, CEO of Lindenburg Industry LLC and chief technology officer of EagleRide Investment Holdings, said in a statement.
According to Gov. Terry McAuliffe’s office, the project is the first new company announcement in Appomattox in 15 years and the largest in the town since Thomasville Furniture began construction in 1972.
McAuliffe approved a $1.4 million grant from the Governor’s Opportunity Fund for the project. The Virginia Tobacco Indemnification and Community Revitalization Commission also approved $1.17 million for the project. Lindenburg will receive benefits from the Port of Virginia Economic and Infrastructure Development Grant Program. Funding and services to support the company’s employee training activities will come from the Virginia Jobs Investment Program.
McAuliffe’s office says the announcement is a result of the governor’s meeting with company officials in Beijing last month during a trade mission to Asia. Virginia competed against North Carolina for the project.