Statesville — June 22, 2011 — Providencia USA Senior Management and Statesville Business and Civic Leaders gathered this afternoon for a groundbreaking ceremony to celebrate the beginning of the construction phase of the Brazil-based company’s $60 million expansion project at its West Industrial Park facility in Statesville. The project, which was announced in January, includes the construction of a 90,000 square foot plant expansion and the addition of $50 million in new capital equipment; doubling the size and production capacity of the current facility. The project is being built by Statesville-based G.L. Wilson Building Company. When complete, the expansion will increase employment at the nonwovens facility from its current level of 55 to 83.
Greater Statesville Development Corporation Executive Director Michael Smith welcomed the guests and introduced Providencia USA CEO Hermínio Freitas. Freitas spoke of the cooperation between his company, Iredell County and the City of Statesville and how that cooperation and the excellent business environment in Greater Statesville contributed to their decision to expand at this location. Freitas further noted that the additional revenue projected for this expansion will push Providencia above the $100 million mark in total annual revenue. “It’s happening fast, which is good, and I hope we will be able to continue the good relationship we have had so far and eventually bring more good news in the future for you, as well.”
Freitas was followed by Chairman of the Iredell County Commissioners Steve Johnson who thanked the company for coming to Iredell County and showing confidence in the community by expanding the operations here.
Statesville Mayor Costi Kutteh noted that, “we have two focuses in economic development, recruiting new business and helping existing businesses to expand, and Providencia USA is a great success story for both.”
For more information on this announcement:
C. Michael Smith, 704-871-0062, http://www.greaterstatesville.org
