STS Group AG is adding its first-ever US manufacturing location. For this, they have chosen Progress Park in Right to Work Wythe County, Virginia. In order to make this all possible, the company is investing $39 million toward the project. In addition, this expansion will create 120 new jobs. So this will be a great addition to the economy!
From Area Development Magazine:
“We are excited that Virginia stood out as the prime location for STS Group’s U.S. operations and are confident the company will benefit from our business-friendly environment and market access. […] This region of the Commonwealth has a thriving automotive cluster that has the positive ripple effect of attracting global suppliers like STS. We are grateful for this investment in Southwest Virginia and the creation of 120 manufacturing jobs in Wythe County.” […]
“We are excited that STS Group will be joining our strong automotive sector here at the crossroads of Southwest Virginia. […] The Joint IDA worked extensively with the company, our partners at the state and local level, and those in the private sector to help bring this manufacturing project to fruition. We thank everyone for the teamwork that exemplifies the best of economic development.”AREA DEVELOPMENT MAGAZINE
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