Latvian fiberglass company to invest $90m in US expansion

The Latvian fiberglass company Valmieras stikla šķiedra (Valmiera Glass) plans to expand its US headquarters in Dublin, investing $90m and bringing around 425 new jobs to Central Georgia through 2022, reported 13WMAZ Monday.

In 2014 the company announced its manufacturing facility in Dublin in a move that was expected to create 150 jobs in the US, with a total of $20m investment over five years.

"The second phase of Valmiera Glass’ original growth plan has been accelerated by three years and represents the additional 425 jobs and $90 million investment. As a result of the expansion, Valmiera Glass Group will become the largest private sector employer in Laurens County," reads the news release by the Dublin-Laurens County Development Authority.

The company plans on collaborating with a local college to house a training center for future employees.

When the expansion is completed, the company will employ nearly 600 people, making them the county's largest employer, reported 13WMAZ.

“Demand for glass fiber products has increased, while the company’s productive capacity hardly outlasts the required amounts. The expansion in the U.S. is a solution to this problem,” said Andre Schwiontek, head of Valmiera Glass Group and president of Valmiera Glass USA Corp.

Valmiera Glass manufactures value-added fiberglass products for the North American market, many of them destined for use in the automotive industry.

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Economy
Economy