Global Logistics Firm Grows By Leaps and Bounds in its Portland Home
UTi Worldwide grew from 14 employees to more than 230 in just 18 months thanks in part to a $250,000 loan from Business Oregon.
March 2, 2010
Bruce Laird 541-944-2920
TOKYOThe director of the Oregon Business Development Department, Tim McCabe, and officials from Ferrotec, a world leader in the manufacturing of Single Crystal Si Growing System and Quartz Crucible, today announced the planned opening of the company's new solar crucible manufacturing plant in a suburb of Portland, Oregon.
The Ferrotec Portland area plant will open in mid-2010 and will producing quartz crucibles to support Oregon's established and rapidly growing solar manufacturing. The company is locating in Birtcher Center at Townsend Way in Fairview, located in the business park certified through the Governor's Industrial Site Certification program in 2004. The company estimates the Oregon plant will employ 30 full time employees after the start up phase. Ferrotec is designing the plant to provide rapid response to the growing Oregon and West Coast solar industry. Quartz crucibles are essential components of the ingot manufacturing process and Oregon has over 425 MW of Crystalline solar manufacturing capacity currently in production with additional capacity scheduled for the near future.
"This is great news for Oregon and for our growing solar industry," said McCabe, who was attending the third annual Tokyo PV Exposition along with Ferrotec officials. "Market leaders such as Ferrotec are a critical piece of our investment plans to grow Oregon's solar industry. Oregon is committed to shortening the supply chain, driving costs down and growing demand."
Ferrotec officials said Oregon had beaten out competing states to land the manufacturing facility.
"After investigating a number of potential locations for establishing a facility in the United States, we selected Oregon for its combination of business opportunities, support structure and incentives necessary to make our investment a success, said Akira Yamamura, president of Ferrotec Corporation. "We look forward to working with Oregon in the coming months as we become part of their expanding solar manufacturing community and make this new facility a reality."
Ferrotec's Oregon plant qualifies for the state of Oregon's aggressive solar manufacturing and business start up incentives. The state of Oregon has one of the most effective solar manufacturing incentive packages in the U.S. and is in the top ten in overall renewable investments. Ferrotec officials said support from state government played a critical role in the company's decision to locate its operation in Oregon.
Founded in 1980, Ferrotec Corporation (JASDAQ: 6890 (OTC) is a worldwide leader in the supply of materials, components and precision system solutions for businesses and products. For additional information about Ferrotec products, visit the company's web site at www.ferrotec.co.jp
Business Oregon works to create, retain, expand and attract businesses that provide sustainable, living-wage jobs for Oregonians through public-private partnerships, leveraged funding and support of economic opportunities for Oregon companies and entrepreneurs.