Around the State
Issue:Winter 2015 : Nuts & Bolts
Inc. magazine says AST is number one in West Virginia
Allegheny Science & Technology (AST) of Bridgeport is one of America’s fastest-growing private companies according to Inc. In its rankings for 2014, the magazine listed AST as No. 268 among the Inc. 500 and the Number One Top Rated Company in West Virginia. With offices in West Virginia, Maryland, Virginia and Idaho, AST’s growth is helping create job opportunities across multiple markets. Now close to 70 employees, the company has experienced a near 50 percent increase in staff since the rankings were completed. AST provides services such as program management, financial analysis, software and systems engineering for customers such as the Department of Energy, Department of Defense as well as NASA, DHS, the FBI and other Intelligence agencies.
Constellium secures agreement with Boeing
Constellium, whose Ravenswood operation is Jackson County’s largest employer, has announced that it has been awarded a multiyear agreement with aerospace manufacturer Boeing to support the aircraft maker’s leading commercial programs. Under the new agreement, Constellium will supply Boeing’s aluminum products for airframes using Constellium’s current and advanced-generation aluminum alloys. The products will be supplied from Constellium’s two major manufacturing sites at Ravenswood and in Issoire, France. The contract includes the continued supply of AIRWARE®, Constellium’s low-density aluminum-lithium solution, for the Boeing 787 Dreamliner.
Diamond Electric moving its headquarters to W.Va.
Diamond Electric is relocating its North American headquarters to West Virginia. The move will consolidate the automotive ignition coil manufacturer’s main U.S. office with its existing operation in Eleanor, Putnam County. The parent company, Diamond Electric Manufacturing Co., Ltd., has headquarters in Osaka, Japan. Since Diamond Electric opened its first manufacturing plant in West Virginia in 1997, the company has chosen to expand its operations in the Mountain State multiple times, and the operation in Eleanor has grown into the company’s largest production facility in the world. Diamond Electric supplies ignition coils to Ford, Chrysler, Toyota and Subaru. It employs 335 workers in West Virginia. The move of the company’s headquarters is expected to add 10 to 15 positions at the Eleanor site.
Study credits North Central Airport with $1 billion economic impact
A new study reports that the North Central West Virginia Airport in Bridgeport generates an annual economic impact of $1.05 billion. According to the study, the airport creates more than 3,400 jobs (directly and indirectly), generates an annual $23 million in state and local tax revenue and brings nearly 3,000 visitors a year to the region. The study was conducted by Sixel Consulting Group Inc. Operated by the Benedum Airport Authority, the airport serves as home base for companies in the aerospace industry, such as Aurora Flight Sciences, Bombardier, Pratt & Whitney, Lockheed Martin, KCI Aviation, Engine & Airframe Solutions Worldwide, FMW Composite Systems and HQ Aero.
Irish medical manufacturer expanding in Kearneysville
The West Virginia Economic Development Authority (WVEDA) has approved two loans to help an Ireland based medical manufacturer expand its facility in Jefferson County. The company, Randox Laboratories, makes and distributes products for medical diagnostics, drug testing and other targeted screening procedures. The authority approved a 20-year, $1.6 million loan that will go to expansion of its Kearneysville facility and another 10-year $1.1 million loan that will help the company purchase new equipment. Randox employs 27 people. Warner said it plans to employ 53 after one year and 112 after three years.