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NEWS
Firm Announces $75 Million Investment To Expand Facility
January 10, 2020

DuPont de Nemours, Inc. (DuPont), a global provider of technology-based materials, ingredients, and solutions, has announced that the company will invest more than $75 million to modernize and expand its manufacturing and technology presence at its Spruance site in Chesterfield County, the company’s largest manufacturing site.

A global leader in technology-based materials, ingredients, and solutions in electronics, transportation, construction, water, health and wellness, food, and worker safety, DuPont has operated the Spruance Plant in Chesterfield County since 1929, where it currently produces Kevlar®, Nomex®, and Tyvek®.

“The DuPont Spruance site has been proud to call Richmond its home for over 90 years,” said David Johnson, DuPont Spruance Site Manager. “Since 2015 we have invested more than $250 million to upgrade and improve our manufacturing assets that deliver essential innovations for our customers around the world. We value the support we have received from the Governor, Chesterfield County and other state and local economic development organizations to bring skilled jobs to and expand manufacturing in the area.”

“Innovative companies like DuPont help to keep Virginia at the forefront of a rapidly evolving manufacturing industry,” remarked Governor Ralph S, Northam in response to the announcement. “DuPont has provided high-quality, well-paying jobs for hardworking Virginians for nearly a century. The expansion of the company’s Spruance site in Chesterfield County is a significant win, and we are grateful to DuPont for their ongoing commitment to the Commonwealth.”

The Virginia Economic Development Partnership worked with Chesterfield County and the Port of Virginia to secure the project for Virginia. Governor Northam approved a $250,000 grant from the Commonwealth’s Opportunity Fund to assist Chesterfield County with the project. Governor Northam also approved a performance-based grant of $1 million from the Virginia Investment Performance (VIP) program, an incentive that encourages capital investment by existing Virginia companies.

DuPont is eligible to receive Sales and Use Tax exemptions on manufacturing equipment, as well as benefits from the Port of Virginia Economic and Infrastructure Development Zone Grant Program. The company also qualifies for a Major Business Facility Job Tax Credit for new, full-time jobs created and a Research and Development Expenses Tax Credit for qualifying R&D expenses. Funding and services to support DuPont employee training activities will be provided through the state-funded Virginia Jobs Investment Program (VJIP).


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