Glass maker Coresix to build $2.3 million plant in JCC enterprise zone

Date: 1 August 2003
Source: Dailypress.com

Date: 1 August 2003

Coresix Precision Glass Inc., a Newport News-based company, plans to build a $2.3 million plant in James City County's enterprise zone.

The 2-year-old company makes glass for high-precision items, such as scientific slides, viewfinders in camcorders and digital cameras, and computer-chip templates. The company expects to employ 30 initially. The plant will be about 33,000 square feet, and Coresix expects it to open this winter.

Coresix's move into the enterprise zone and its investment make it eligible for tax incentives.

"This is a high-quality precision manufacturer with excellent growth potential," Keith Taylor, economic-development director for the county, said in a statement. "We are pleased they selected James River Commerce Center."

Coresix, Taylor said, fits with the county's economic vision to draw in more technology-based businesses.

This is the second announcement of a new business coming to the county this summer. Haynes Furniture Co. announced its plans in June to build a $15 million distribution center in the GreenMount industrial park. Company officials say it will take a year or two to open.

When it relocates to James City County, Coresix will join a number of businesses in the county's industrial park, including Ball Metal Container, Service Metal Fabricators and Keystone Automotive Industries, which is expected to complete its building next year.

County officials are attempting to expand the county's economic base "beyond beer and tourism," Taylor said recently, by increasing efforts to pursue high-technology players.

The county, for example, has agreed to be the exclusive sponsor for the Sensor Science and Technology Forum, a series of meetings beginning in September that brings together sensor-technology industry leaders.

Sensor devices - designed to detect heat, radiation and other conditions - include things such as security light lasers.

600450 Glass maker Coresix to build $2.3 million plant in JCC enterprise zone glassonweb.com

See more news about:

Others also read

MORE...

Emirates Glass wins major deals
Local quality glass producer Emirates Glass Limited has won contracts to supply 68,000 square metres of its high quality EmiCool glass to five major projects in Dubai.
Southwall Technologies Secures New Bank Loan and Equity Financing Agreement Led by Needham & Company
Southwall Technologies Inc. (Nasdaq:SWTX), a global developer, manufacturer and marketer of thin-film coatings for the electronic display, automotive glass and architectural markets, today announced that on Dec. 18, 2003, it secured an agreement for a new bank loan guarantee and equity financing package of up to $7.5 million from Needham & Company, Inc., its affiliates and Dolphin Asset Management.
KUB accepts Nippon Sheet Glass offer
KUB Malaysia Bhd has accepted an offer from Nippon Sheet Glass Co Ltd (NSG) to acquire its 15% stake in Malaysian Sheet Glass Bhd (MSG) for RM32.6 million in cash, or RM2.68 per share.
Micro-Tek Canada, Inc. and Co-Ventures in Glass Containers, Ltd.
Co-Ventures in Glass Containers (CVIGC, Ltd.) of Tampa, Florida, USA and Micro-Tek Canada, Inc. Of Toronto, Canada are excited to announce the beginning of a long term joint venture to combine their extensive experiences and resources to offer the Glass Container Industry globally a best value alternative for all their outsourcing needs in manufacturing, operations and technical assistance agreements, specifically targeted to the smaller manufacturers who have found the larger service companies to be cost and profit prohibitive.The principals of the two companies have found a global need for smaller glass companies who require excellent technical resources to properly compete within the industry without the high costs of employing their own staffs or outsourcing their requirements to the larger service companies whose own operating costs and overhead are substantial.
Autoglass maker dumps dumping charges
China's largest automobile glass maker Fuyao Glass Industry Group Co, Ltd, won its case against the dumping ruling of the US Department of Commerce (DOC).
History of Glass Wine Bottles
When did the wine industry start using glass bottles, and how did they settle on their current size of 750ml? For the answer to these questions, you have to go back in time - back thousands of years to when wine was first cultivated and enjoyed.

Add new comment