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A titanic win

After enduring the exodus of companies like Burlington Mills and Daystrom Furniture over the past two decades, Halifax County is celebrating its biggest manufacturing announcement in decades — the arrival of Virginia’s first titanium demonstration facility.

Last fall, Charlotte, North Carolina-based IperionX Ltd., a minerals company, announced an $82.1 million investment to establish the nation’s first 100% recycled titanium metal powder manufacturing facility in a 50,000-square-foot building in the Southern Virginia Technology Park in South Boston. The three-year project will be developed over two phases. Phase one includes $12.5 million for building construction- and production-related machinery and tools, as well as hiring
41 full-time employees. That will be followed by a $69.6 million investment to expand the facility to 100,000 square feet and increase the workforce to 108 full-time workers in phase two.

IperionX anticipates having the facility outfitted by the second quarter, with operations beginning in the fourth quarter. The company plans to source 100% renewable energy to make 100% recycled titanium for use as an alloying component in advanced industries such as automotive, defense, aerospace, electric vehicles and 3D printing.

“This is a highly valued and high-growth industry,” says IperionX founder and CEO Anastasios “Taso” Arima.

Halifax County was chosen for the titanium demonstration facility after an extensive nationwide search, he says. IperionX needed a 50,000-square-foot existing building with a ceiling tall enough to accommodate overhead cranes. The company was looking for an area with strong infrastructure, a skilled workforce and renewable power. Cooperation from county and state officials also helped seal the deal. 

“What we saw in South Boston ticks all the boxes,” Arima says. “This area has a lot of potential with defense applications, and Danville Community College is less than an hour away to train people to operate the type of equipment we have.”

IperionX’s goal is to develop a U.S. supply chain of sustainable, low-cost titanium metal for advanced manufacturing. Currently, 100% of titanium metal is imported from overseas, with China as the biggest source.

“The United States is vulnerable to overseas titanium metal supply chains,” Arima notes. “With this commercial facility, we will be solving a critical supply chain for the U.S.”

IperionX is poised for future growth in the region.

“This is just a start. As we see success in building our business in Southern Virginia, we will see a lot more potential for significant growth. We hope this grows into a large titanium metal producer globally with what we plan to do in Southern Virginia over the next five years,” Arima says. “From titanium metal powder, we can make traditional products like bars and plates. It’s also used in the rapidly growing 3D printing industry.”

That’s the type of news Halifax County has been waiting decades to hear. “There has not been a manufacturing announcement of this size in almost 25 years,” says Kristy Johnson, executive director of the Halifax Industrial Development Authority. “We consider it a great project that is building on our manufacturing legacy.”

The region is prepared to provide equipment operators, accountants, engineers, process technicians, electricians, welders and other skilled workers for IperionX. “We’re working with all the regional workforce training programs to recruit workers,” Johnson adds. “We have a lot of good synergy across the region.”

The Institute for Advanced Learning and Research in Danville offers training in skills ranging from advanced technology to cybersecurity and partners with Danville Community College to provide training in advanced manufacturing through the newly opened Center for Manufacturing Advancement. The U.S. Navy opened its Additive Manufacturing Center of Excellence at the center in October 2022 as a platform to expand the military’s industrial base.

“Danville Community College has a very strong training program for additive manufacturing, and the Department of Defense investing more money to train people for the future in additive manufacturing is a big bonus,” Arima says.

Calvin “Ricky” Short, chairman of the Halifax County Board of Supervisors, is eager to see those jobs come to fruition and boost the area’s economy. “We’ve been waiting a long time for a company like IperionX to come to Halifax,” he says.

“We are tickled to death to have IperionX come to Halifax County and bring in more jobs. Hopefully, it will bring in more industries and encourage more people to remain in the county.”  

 

Titanium company investing $82.1M in Halifax County

Charlotte, North Carolina-based IperionX Ltd., a minerals company that produces titanium metal powder for use in manufacturing, announced plans to establish Virginia’s first titanium demonstration facility in Halifax County, an investment of $82.1 million expected to create 108 jobs, Gov. Glenn Youngkin announced Tuesday.

The three-year project will be in two phases: The first is a $12.5 million investment in construction and production-related machinery and tools, and the second is a $69.6 million expansion. The facility will also mark the nation’s first titanium powder producer using 100% recycled scrap metal.

“We are thrilled to welcome IperionX to the commonwealth,” Youngkin said in a statement. “The new Halifax County operation will represent the first titanium metal powder facility in the U.S. using 100% recycled titanium scrap as feedstock, putting Virginia on the map for providing a critical material that is essential for our advanced industries. We look forward to supporting this forward-thinking company that will develop a new supply chain of titanium right here in the commonwealth while creating high-quality jobs.”

IperionX will initially occupy a 50,000-square-foot building in the Southern Virginia Technology Park, leased at $8 per square foot for 10 years, and will double its size in coming years. Titanium is a lighter metal than steel but is just as strong, and it’s used in many products, including automotive, defense, aerospace, electric vehicles and 3D printing. The company, founded in 2017 and formerly known as Hyperion Metals Ltd., also offers a fully U.S.-sourced, low-carbon titanium supply that it bills as lowering carbon emissions of products that include its titanium powder.

IperionX plans to develop the Halifax facility as a showcase for the intersection of titanium powder production with additive manufacturing and other powder metallurgy applications.

“We are delighted to have chosen South Boston and Halifax County as the site for our inaugural titanium demonstration facility, which is a critical step in advancing IperionX’s ambition to re-shore an all-American source of titanium metal,” Anastasios “Taso” Arima, founder and CEO of IperionX, said in a statement.We are highly appreciative of the support and welcome that we have received from our partners and stakeholders in Virginia and look forward to establishing IperionX as a leader in advanced manufacturing in our new home.”

Arima previously founded Piedmont Lithium, also based in North Carolina, which produces lithium hydroxide, a chemical used in electric vehicle and battery storage production.

For the IperionX deal, Virginia competed against North Carolina, South Carolina and West Virginia . The company is listed on the Australian stock exchange and has been publicly trading on Nasdaq since June.

The Virginia Economic Development Partnership worked with Halifax County, the Southern Virginia Regional Alliance, the Virginia Department of Environmental Quality and the Virginia Department of Energy to secure the project for Virginia.

Youngkin approved a $300,000 grant from the Commonwealth’s Opportunity Fund to assist Halifax County, and the Virginia Tobacco Region Revitalization Commission approved a grant for $573,000 from the Tobacco Region Opportunity Fund for the project.

The company is also eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment program, at no cost to IperionX.