Posts filed under 'Matthew Ballard'
I am pleased to invite you to join the Charleston Area Alliance on its third international trade mission and cultural tour.
We will visit Budapest, Hungary; Vienna, Austria; and Prague, Czech Republic. Whether you are interested in working with the Alliance staff to create a personalized business itinerary, or simply wish to learn more about these extraordinary and culturally rich cities, you will find this trip exceptional.
Click HERE for the trip brochure. Arrangements for this tour are being made by National Travel of West Virginia.
Please join fellow Charleston Area Alliance members and friends as we journey together to Budapest, Vienna and Prague next spring.
We look forward to seeing you in 2012!
Matthew G. Ballard
Earlier this month, Precision Converting Solutions (PCS) LLC announced plans to open a specialty converting factory in the Charleston area. The new facility will create 25 high-technology jobs and represent an investment of approximately $6 million.
PCS is a subsidiary of Siam Precision Components, a Thailand-based manufacturer of precision laminated components. PCS aims to begin operations in January 2012 in a temporary employee training and business development center. It will be the company’s home until a new 20,000 square-foot clean room and manufacturing facility is built in Kanawha County. The facility’s location has not been determined.
The new facility is Siam’s first manufacturing and research and development facility in North America. PCS plans to begin the hiring process in the fourth quarter of 2011 for key management and technical personnel.
The Charleston Area Alliance staff and its board members are pleased to have assisted Siam with its selection of the Kanawha Valley. During site selection deliberations earlier this year, Alliance Chairman Pat Bond accompanied Sen. Jay Rockefeller and representatives of the WV Development Office to a bio-tech trade show during which they met with company officials.
Since then, Alliance Vice President Mike Aeiker and Economic Development Program Manager Andrew Dunlap have continued to assist Siam with ongoing real estate and development needs.
“We appreciate the company selecting the Kanawha Valley and we will do everything we can to make sure it flourishes in this area,” Dunlap said.
The Alliance is committed to working with Siam into the future to make sure its transition to the Charleston region is a smooth one. We are thrilled with the company’s decision to invest in the Kanawha Valley. It’s another example of our continued mission to attract new jobs and investments in order to build a more vibrant and prosperous community.
From a strategic viewpoint, this project represents continued progress in attracting new foreign direct investment (FDI). The Alliance’s FDI recruitment strategy encourages internationally-based companies to enter or expand in the U.S. market by bringing their operations to the Kanawha Valley. Foreign direct investment injects new dollars into our economy and we want – and need — more international companies to call the Kanawha Valley home.
Projects like Siam are critical to the future economic landscape of West Virginia, as they create high value jobs, generate new capital investment and send a strong message around the world that West Virginia is open for business. When it comes to creating jobs, opportunity knows no boundaries. So we’ll continue to reach out around the world – and around the neighborhood – to help businesses locate and thrive in the Kanawha Valley. It’s a big world, and so are the possibilities if we work together.
Until next time,
Matthew G. Ballard
President / CEO
Marcellus and the Charleston Area Alliance
The Charleston Area Alliance is focused on maximizing job creation, economic diversification, building the tax base, and keeping the value of the Marcellus Shale to benefit West Virginia and her citizens. One of the most interesting parts of the Marcellus discovery is that the deposit is rich (or what some call “wet”) in ethane. The percentage of the whole that ethane represents of the different types of gases extracted in the Marcellus (others being methane, propane etc) can be as high as 15-20%. Ethane can be converted into Ethylene which is a building block of many other products we all use on a daily basis.
You have likely heard about the Charleston Area Alliance efforts to attract an ethane “cracker” to West Virginia and specifically the Kanawha Valley, where ethane would be converted to ethylene. Such a facility would cost upwards of $1-2 billion dollars to build, creating approximately 2000 construction jobs in the process. Once operational, the facility would likely employee approximately 750 full time employees. Additionally, an ethane cracker would create new feedstock for the region which would likely attract more new manufacturing facilities to locate nearby.
In a recent radio interview, Charleston Area Alliance President and CEO Matthew Ballard talks about the Marcellus and the ethane cracker in part one of this radio interview (more to be posted later):