Prolam LLC, a Canadian manufacturer of hardwood floors for commercial trucks and dry van trailers, will invest $12.8 million to establish its first U.S. manufacturing plant at the former Ten Oaks satellite facility in Patrick County, creating 58 jobs, Virginia Gov. Ralph Northam announced Wednesday.
The facility will increase Prolam’s manufacturing capacity by 50%, and the company has committed to source at least 65% of its timber from Virginia through the purchase of more than $20.5 million in Virginia-grown hardwoods during the next three years.
“This project is a great win for Virginia’s hardwood loggers and forestland owners,” Northam said in a statement. “Forestry continues to be an important pillar of communities across the commonwealth because industry leaders recognize the benefits of our abundant natural resources, extensive transportation network and unparalleled workforce. We thank Prolam for locating its first U.S. manufacturing facility in Southern Virginia and look forward to a long partnership with the company.”
Headquartered in Quebec, Canada, Prolam supplies major U.S. trailer manufacturers.
The Virginia Department of Agriculture and Consumer Services (VDACS) and the Virginia Economic Development Partnership (VEDP) worked with Patrick County and the Patrick County Economic Development Authority to secure the project. Northam approved a $100,000 grant from the Governor’s Agriculture and Forestry Industries Development Fund, which Patrick County will match with local funds. Funding and services to support the company’s job creation will be provided through VEDP’s Virginia Jobs Investment Program.
View the full press release here: Governor’s Press Release
Source: Virginia Business
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