Manufacturer establishes Chesapeake operations
Atlantic Core Building Products plans to establish a manufacturing operation in Chesapeake, which is expected to create 50 jobs.
Atlantic Core Building Products, which makes steel commercial construction materials, will spend $3 million on the facility. The company manufactures cold-formed steel framing, finishing and polyvinyl chloride (PVC) accessories for commercial and residential buildings.
The comoany’s products are used for installation in walls, ceilings, floors and roofs throughout the Eastern U.S., Caribbean and Latin America.
Virginia competed against North Carolina and South Carolina for the project, which will create 50 new jobs.
“We are excited to call Chesapeake our home,” Atlantic Core Building Products President Ryan Smith said in a statement. “After considering several ports on the eastern seaboard, we found that Virginia has an excellent workforce, world-class port facilities, strong incentives and an easily accessible, strategic location. From our plant, we can service 40 percent of the U.S. construction market and our export customers in Latin America.”
The Virginia Economic Development Partnership will support Atlantic Core Building Products’ new job creation through its Virginia Jobs Investment Program (VJIP). VJIP provides consultative services and funding to companies creating new jobs or experiencing technological change to support employee training activities.
The company will also receive benefits from the Port of Virginia Economic and Infrastructure Development Zone Grant Program, and is eligible to receive sales and use tax exemptions on manufacturing equipment.