Euro-Composites Group to invest $10.5m in Virginia, employ 58Staff writer ▼ | February 3, 2016
Euro-Composites Group will invest $10.5 million to expand its U.S. operation in Culpeper County, Virginia.
New positions Virginia successfully competed against Echternach, Luxembourg
Virginia successfully competed against Echternach, Luxembourg for the project, which will create 58 new jobs.
Euro-Composites, a privately held company, established its worldwide headquarters in Echternach, Luxembourg in 1984. Its United States Corporation was established in Culpeper County, Virginia in 1988. Euro-Composites is a global player in the field of advanced composite products.
The Virginia Economic Development Partnership worked with Culpeper County to secure the project for Virginia. Governor Terry McAuliffe approved a $150,000 grant from the Commonwealth’s Opportunity Fund to assist Culpeper County with the project.
The company will receive benefits from the Port of Virginia Economic and Infrastructure Development Zone Grant Program. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program. ■