KSB USA/North America, a leading supplier of pumps and industrial valves, will invest $25 million to expand its Henrico County facility.
The supplier will add an additional loading dock office space and update its shipping and receiving area and common areas for employees. The expansion, which will more than double the facility’s current square footage, will create 32 new jobs.
“KSB’s expansion of its Henrico County facility is just the latest example of the resurgence of manufacturing in Virginia,” Gov. Glenn Youngkin said. “The Greater Richmond region offers the skilled workforce to support KSB’s continued growth, and we thank them for their investment in Virginia.”
A subsidiary of Germany-based KSB Group, KSB has operated in Henrico County since 1988. The company manufactures pumps, valves and mixers and provides spare parts and service, including testing, automation and distribution services at the Henrico location. KSB serves a wide variety of industries, including energy, chemicals and petrochemicals, building services, oil and gas, amusement parks, mining, agriculture, manufacturing, food and beverage processing, and water and wastewater through an extensive network of representatives and distributors.
“KSB’s decision to expand its Henrico County facility highlights the competitive advantage that Virginia offers international companies seeking growth in U.S. markets,” Virginia Secretary of Commerce and Trade Caren Merrick said. “KSB is a prime example of what foreign companies can accomplish in Virginia thanks to our strategic location, proximity to The Port of Virginia, and talented workforce.”
The Virginia Economic Development Partnership worked with Henrico County to secure the project for Virginia and will support KSB’s job creation through the Virginia Jobs Investment Program, which provides consultative services and funding to companies creating new jobs in order to support employee recruitment and training activities. As a business incentive supporting economic development, VJIP reduces the human resource costs of new and expanding companies. VJIP is state-funded, demonstrating Virginia’s commitment to enhancing job opportunities for citizens.
“The Richmond, Virginia, expansion represents an inflection point for KSB USA/North America and a key milestone for KSB’s Mission TEN30 strategy,” said regional executive officer for KSB North America Luis Maturana. “With initiatives like service efficiency consulting, regional sales and distribution, and expanded operations, today’s groundbreaking of our Henrico County facility will lead to positioning KSB as a market leader in several strategic target segments in the USA. This state-of-the-art site, featuring an expanded warehouse, workshop, and sustainable infrastructure, is an investment in our future as a market leader. We remain focused on developing and aligning our resources to exceed our clients’ needs and expectations.”
Share
Rebecca Barnabi
