Provides US Inc. to expand manufacturing operation in Augusta
- May 30, 2018
Provides US Inc., a manufacturer of heat exchangers, will expand its Augusta County operation with an $867,000 investment to expand its facilities to meet increased demand. The project is expected to create 20 new jobs.
The company has secured an additional 50,000 square feet of additional production space and will install new equipment.
Provides US is headquartered in Latina, Italy. The company’s first US.. manufacturing facility was opened in Augusta several years ago, and the new expansion will increase the workforce at the facility by nearly 50 percent.
The job expansion will be supported by the Virginia Economic Development Partnership through its Virginia Jobs Investment Program (VJIP). The company is eligible under the program to receive $900 per new job, for a total of up to $18,000.
Franco Provenziani, CEO, Provides Metalmeccanica, and Tom Coplai, chief operating officer, Provides US, said in a statement:, “Provides selected Verona, Virginia for its U.S. manufacturing site for the following reasons: the proximity to our customer base on the East Coast of the U.S.; the centralized location and access to the interstate highway system for transport of finished units throughout North America; relatively lower-cost utilities; lower cost-of-living; and highly skilled and motivated workers.”