WV EDGE Business Report | June 2015

Published Wednesday, June 24, 2015 @ 12:18 PM by Andrew.C.King@wv.gov (Andrew King)

FOR IMMEDIATE RELEASE
June 24, 2015

CONTACT:
Chris Stadelman, 304-558-4977
Catherine Zacchi, 304-957-9340

Governor Tomblin Releases June Edge Business Report

CHARLESTON, W.Va. - Gov. Earl Ray Tomblin today released the West Virginia Edge Business Report, highlighting the state’s economic progress. The June 2015 report features projects and announcements from businesses, both large and small, that play a critical role in the Mountain State’s continued economic growth.

Chinese delegation visits West Virginia to sign series of agreements
Chinese delegation visits West Virginia to sign series of agreements
Officials from West Virginia and Shanxi Province of China sign agreements in the Great Hall of the Culture Center in Charleston
A delegation from Shanxi province in China traveled to West Virginia to sign agreements with representatives from the state’s business, education and government communities. With an export of $550 million in various West Virginia products, China was the state’s second largest international market in 2014. Shanxi is one of China’s top coal-producing provinces.

The documents included a Friendship Agreement between the Shanxi Province and the State of West Virginia; a Memorandum of Understanding that promotes educational and academic exchanges among higher education institutions in West Virginia and Shanxi Province; and an equipment purchase and business collaboration agreement between West Virginia’s Petitto Mine Equipment and Shanxi Province’s Datong Mining Group.

West Virginia Commerce Secretary Keith Burdette and Shanxi Provincial Education Department Director-General Zhang Wendong signed the agreement “to promote common prosperity and development” through exchanges and cooperation in “economy, trade, science, technology, culture” and other fields.

Chancellor Paul Hill, West Virginia Higher Education Policy Commission, and Zhang Wendong, director-general, Shanxi Provincial Education Department, signed a Memorandum of Understanding (MOU) to promote educational and academic exchanges among higher education institutions in West Virginia and Shanxi Province. The agreement calls for a state-to-province consortium — an association of educational institutions — to smooth the process for exchanging students and faculty.

The West Virginia company, Petitto Mine Equipment Inc. and Shanxi’s Datong Mine Group signed a purchase agreement enabling Petitto to export a machine to Datong. The companies also agreed to continue their business and technology collaboration to improve mining safety and efficiency in the future. The family-owned company manufactures the Petitto Mule™ to move roof supports in longwall mining operations.


Construction equipment manufacturer Terramite celebrates 50th anniversary
Terramite began making compact construction equipment in Cross Lanes in 1965. This year, the manufacturer marks its 50th anniversary. West Virginia Commerce Secretary Keith Burdette was among the corporate and state dignitaries who attended the celebration at the Kanawha County plant in June. The Terramite product line by TerraQuip Construction Products Inc. includes backhoe loaders, wheel loaders and other compact construction equipment. The equipment is sold across the U.S. and around the world.


Armstrong invests $11 million to upgrade hardwood plant in Randolph County
Hardwood flooring manufacturer Armstrong World Industries is investing $11 million to upgrade its facility in Beverly. The project will modernize the facility, add new technology and strengthen infrastructure. Among the improvements will be new drying technology that will shorten the production process from 40 days to four.

The West Virginia plant employs 650 workers at its 75-acre facility in Randolph County. Armstrong World Industries is a global leader in the design and manufacture of floors and ceiling systems. The corporation’s website reports that as of March 2015, it operated 32 plants in nine countries and had approximately 7,500 employees worldwide.


West Virginia company among winners in $100,000 Shale Gas Innovation Contest
Fairmont Brine Processing, LLC is one of four winners of the Shale Gas Innovation Contest. Each winner receives a check for $25,000.

West Virginia company among winners in $100,000 Shale Gas Innovation Contest
Brian Kalt (left), General Manager of FBP, and Carl Irwin of the West Virginia TransTech Energy Research & Business Development Program
The Shale Gas Innovation Contest is designed to encourage the development of new technologies from the Marcellus and Utica shales and enhance environmental responsibility. West Virginia’s Fairmont Brine Processing entry was an evaporation and crystallization process that fully treats wastewater, extracts reusable byproducts, and has the ability to also formulate fracture stimulation fluids to meet an operating company’s completion design.

The other three winners – Appalachian Drilling Services, EthosGen and PixController — hail from Pennsylvania. The Shale Gas Innovation Contest — previously limited to Pennsylvania entrants — was able to expand to include West Virginia for the first time in 2014, thanks to a grant from the Claude Worthington Benedum Foundation.


WVDO promotes state industries through trade events
WVDO promotes state industries through trade events
Standard Laboratories Vice President of Marketing Todd Stallard greets an exhibit visitor during the CIM Expo in Canada.
The West Virginia Development Office conducts an active schedule of exhibition events to promote the state’s industries.

  • In May, the Development Office and eight West Virginia businesses shared a joint exhibit at the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Expo, Canada’s premier mining show. The display booth was sponsored by Appalachian Regional Commission (ARC), a regional economic development agency that encompasses 13 Appalachian states. West Virginia companies that attended  the expo in Montréal, Quebec were:

    • American Mine Research, Princeton, Mercer County
    • Boone Supply Company, Sylvester, Boone County
    • ChemBio Shelter, Sophia, Raleigh County
    • The Daniels Company, Bluefield, Mercer County
    • Kanawha Scales & Systems, Poca, Kanawha County
    • Standard Laboratories, South Charleston, Kanawha County
    • Thermo-Tech, Davis, Tucker County
    • Vossloh North America, Mining Division, St. Albans, Kanawha County
  • PLASTEC East, New York, June 9 – 11. The Polymer Alliance Zone is exhibiting at this advanced design and manufacturing exhibition with the support of representatives from the West Virginia Development Office. PLASTEC is co-locating with several other shows, giving attendees access to the other related manufacturing events happening at the same time.

    The co-located events and their industrial segments are: Atlantic Design & Manufacturing, industrial design and manufacturing; ATX East, automation and robotics; EastPack, packaging; HBA Global, health and beauty product and brand development; MD&M East, medical device design and manufacturing; Pharmapack NA, pharmaceuticals packaging; and Quality Expo, quality assurance and management.
  • GACS — Global Automotive Components and Suppliers — international exhibition, Stuttgart, Germany, June 16-18. The West Virginia Development Office and the West Virginia Europe Office are exhibiting at the show, which attracts a global audience of Tier 1, 2 and 3 automotive component manufacturers. Representatives from West Virginia utilities and local economic development authorities are also participating in the show. The Global Automotive Components Expo co-hosts the Engine Expo, the Automotive Testing Expo and the Automotive Interiors Expo, increasing its draw for attendees and exhibitors.

  • ACHEMA, Frankfurt, Germany, June 15 – 19. The West Virginia Development Office and the West Virginia Europe Office are participating in the show, along with decision-makers from more than 100 countries. The event will host an estimated 3,800 exhibitors from around the world. The 31st world forum for the chemical process industries, ACHEMA 2015 focuses on chemical engineering, environmental protection and biotechnology.
  • Conference & Trade Mission Central America, Guatemala, June 21 - 26 
  • Trade Mission, Poland, June 21 – 26. West Virginia companies taking part in the mission are:

    • Eagle Manufacturing, Wellsburg, Brooke County: Metal and plastic safety products including spill containment, safety cans and safety storage cabinets for flammable materials

    • Sur-Loc Flooring Systems, Kearneysville, Jefferson County: Full service flooring rental for special events

    • Wheeling Truck Center, Wheeling, Ohio County: A full service Volvo dealer and heavy and medium duty truck parts supplier
Several trade events remain in the 2015 schedule for Development Office’s International Division:

  • Trade Winds Africa: Business Development Conference and Trade Mission, South Africa, Angola, Tanzania, Kenya, Mozambique, Ethiopia, Ghana, and Nigeria, Sept. 14 – 21

  • Trade Mission, Japan, Oct. 12 - 16

  •  China Coal and Mining Expo, China, Oct. 29 - Nov. 1
Check the website worldtradewv.org for updates or contact the West Virginia Development Office at 304-558-2234.


WVEDA approves $264,000 in loans for businesses in Preston and Putnam counties
During its May meeting, the West Virginia Economic Development Authority (WVEDA) gave final approval to two loans totaling $265,484.

  • Preston Machine Inc., $78,750, to finance the acquisition of equipment. Preston Machine is a metal fabrication, machine design and rebuild shop that serves the heavy equipment, water treatment and coal industries. Based in Kingwood, the Preston County company currently employs 11 workers and anticipates increasing that to 18 after three years.
  • Multicoat Products, $186,734, an increase of an existing loan for increased project costs. Multicoat manufactures and distributes concrete restoration and waterproofing products. The manufacturer’s facility is located in the Putnam Industrial Park, Frazier’s Bottom.

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Chinese delegation visits West Virginia to sign series of agreements

Construction equipment manufacturer Terramite celebrates 50th anniversary

Armstrong invests $11 million to upgrade hardwood plant in Randolph County

West Virginia company among winners in $100,000 Shale Gas Innovation Contest

WVDO promotes state industries through trade events

WVEDA approves $264,000 in loans for businesses in Preston and Putnam counties

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