Hagerstown's location and proximity to our expanding market is a perfect fit for V-T Industries and we are looking forward to the opening of this facility
Hagerstown, MD (Vocus) October 13, 2010
V-T Industries, one of the nation’s leading manufacturers of architectural wooden doors, laminate countertops and stone surfaces is expanding production to the Hagerstown/Washington County, Maryland area. The company purchased the former Kongsberg Automotive building on Western Maryland Parkway and will invest approximately $11M, of which approximately $6.5M will be in capital improvements.
V-T Industries will bring 75 new jobs to the area, with the potential for another 50 jobs within three years. The company plans to start production in January 2011, with full production expected by the 2nd quarter of 2011. “Hagerstown’s location and proximity to our expanding market is a perfect fit for V-T Industries and we are looking forward to the opening of this facility,” said Doug Clausen, president and CEO of V-T Industries.
Headquartered in Holstein, Iowa, V-T Industries has 7 production facilities in the U.S. and annual sales over $300 million. Major customers include Home Depot and Lowes, both of which have a distribution presence in the Hagerstown/Washington County area.
The Maryland Department of Business and Economic Development (DBED) will provide a $150,000 conditional loan, and has offered a $10 million private activity bond to assist V-T Industries with the purchase and renovations of their new Hagerstown facility and equipment costs. To complement the State’s funding, the Washington County Board of County Commissioners has approved a $112,500 conditional loan for the project. The project has also been approved to participate in the County’s “Fast Track Construction Program,” which will expedite the review and approval process for any upgrades needed to the facility.
Norfolk-Southern recently announced a new rail-truck intermodal terminal that will cost approximately $95-105 million. The terminal will likely create over 100 new jobs and be part of Norfolk Southern’s improvements in the Southeast to Northeast corridor. The Franklin County, Pennsylvania location of the terminal—just over the state line from nearby Hagerstown, Maryland and surrounding Washington County—is the latest in a series of developments highlighting the importance of this Mid-Atlantic crossroads for logistics and distribution.
Norfolk Southern operates 21,000 miles of routes across 22 states, and is also building intermodal terminals in Memphis, Tennessee and Birmingham, Alabama. Norfolk Southern officials chose the site for this latest terminal to better accommodate the Washington, DC and Baltimore markets. The new terminal will be 4 miles long, with the main pad and parking covering 170 acres.
Timothy R. Troxell, CEcD, Executive Director for the Hagerstown-Washington County Economic Development Commission (EDC), remarked that “These expansions to the area by major national companies, especially in these difficult economic times, speak volumes about the strength and competitiveness of Hagerstown-Washington County. We look forward to welcoming V-T Industries and Norfolk Southern into our business community.”
Located at the intersection of two of the Mid-Atlantic’s largest interstates, just minutes from four states, and only an hour from the Baltimore and Washington, DC metro areas, Hagerstown, Maryland and surrounding Washington County have become a major Logistics and Distribution center for companies like FedEx, UPS, Lenox, Tractor Supply Company, Staples, Radio Shack, Home Depot, and Lowe’s.
The area is a logistical hot spot because there is no better—and more affordable—place for Logistics and Distribution businesses to be. With strategic access to one of the country’s largest and most rapidly growing consumer bases, the area is a goldmine of multimodal connections. An outstanding quality of life, the nation’s best schools, and low traffic coupled with economic advantages like reasonable labor and real estate costs make Hagerstown and Washington County an obvious choice.
Hagerstown and Washington County, Maryland currently have over 500,000 square feet of office space available, and Washington County has over 1.8 million square feet of industrial/commercial space available. Existing spaces are wired for data and are suitable for a variety of industries. For more information, go to http://www.hagerstownedc.org.