Italian maker of evaporators and condensers to create 45 jobs in Augusta
Italy-based Provides Metalmeccanicawill invest $6.1 million to establish its first U.S. manufacturing operation in Augusta County, creating 45 jobs.
The U.S. operation, Provides US Inc., will co-locate with Daikin Applied in a 40,000-square-foot space in Verona.
Provides makes evaporators and condensers used by HVAC companies worldwide.
The company says its U.S. location will enable it to grow its business and reduce product time to market for North and South American customers.
“This project is a great example of what is possible when companies work to create opportunities for international suppliers in the U.S. market and receive mutual benefit. Daikin Applied’s invaluable assistance offering Provides with space to launch its first U.S. manufacturing operation made this announcement possible,” Gov. Terry McAuliffe said in a statement.
Provides began operation in 1968 as a producer of metallic office furniture. Between 1973 and 1980, it also specialized in the construction of racks, aluminum telephone booths and step ladders, and, finally, in the production of pressurized gas tanks.
In 1991, the company began working in the air conditioning sector and, in 1996, it designed and manufactured the first series of heat exchangers. Since then, Provides has grown and has become a leader in the heat exchanger sector.
The Virginia Economic Development Partnership worked with Augusta County to secure the project for Virginia. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program and will be matched by Augusta County.