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NEWS
Manufacturer Will Use $52.6 Million Investment To Expand Operations
October 16, 2020

Plasser American Corporation, a manufacturer of railway construction and maintenance equipment, has announced the company will invest $52.6 million to expand its operations in the City of Chesapeake, Virginia. According to the announcement, the company will acquire three adjoining properties to accommodate the expansion which will include the addition of a 45,000-square-foot, three-story office building and a new 82,000-square-foot manufacturing facility to increase production capacity. The investment plan also involves the renovation of existing infrastructure and the addition of manufacturing equipment, including an updated industrial paint booth.

Based in the City of Chesapeake since 1970, Plasser American Corporation, a railway track maintenance equipment manufacturer, has adapted its products to the North American railroad and transit system. The company also provides railway inspections and railway repair vehicle services.

“This historical project is our proof of trust in the North American railroad system and confidence in the United States economy,” said Thomas Blechinger, President of Plasser American. “I am proud of our company’s development in the United States over the last six decades and here in Chesapeake for 50 years. This milestone is our chance to show our commitment to the region and to support local talent, employees, and suppliers.”

In response to the announcement, Governor Ralph S. Northam noted, “Plasser American has been a valued employer and corporate partner to Virginia and the City of Chesapeake since the opening of its manufacturing facility 50 years ago. Companies like Plasser with deep ties in our Commonwealth understand the competitive advantages of the region’s infrastructure, access to The Port of Virginia, and world-class workforce. Growing Virginia’s substantial manufacturing industry is key to rebuilding from this public health crisis, and we thank Plasser American for playing an important role in our ongoing recovery efforts.”

The Virginia Economic Development Partnership (VEDP) worked with the City of Chesapeake Economic Development Authority and The Port of Virginia to secure the project for Virginia. Governor Northam approved a $450,000 grant from the Commonwealth’s Opportunity Fund to assist Chesapeake with the project. The company is eligible to receive benefits from the Port of Virginia Economic and Infrastructure Development Grant Program, as well as the Railroad Industrial Access Program, which is administered by the Department of Rail and Public Transportation and subject to approval by the Commonwealth Transportation Board. Funding and services to support Plasser American’s employee training activities will be provided through the state-funded Virginia Jobs Investment Program (VJIP), administered by VEDP.


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