KSB investing $25M, creating 32 jobs
KSB investing $25M, creating 32 jobs
Katherine Schulte// September 5, 2024//
KSB USA/North America, a Henrico County-based pump and industrial valve supplier, will invest $25 million to more than double the square footage of its facility there, a project expected to create 32 jobs, Gov. Glenn Youngkin announced Thursday.
As part of the expansion, KSB will add another loading dock office space and update its shipping and receiving area, as well as employee common areas.
“KSB’s expansion of its Henrico County facility is just the latest example of the resurgence of manufacturing in Virginia,” Youngkin said in a statement. “The Greater Richmond region offers the skilled workforce to support KSB’s continued growth, and we thank them for their investment in Virginia.”
A subsidiary of Germany-based KSB Group, KSB USA/North America has operated in Henrico since 1988. The company manufactures pumps, valves and mixers and provides spare parts and services, which include testing, automation and distribution services at the Henrico facility. Through a network of representatives and distributors, KSB serves varying industries, including energy, chemicals and petrochemicals, amusement parks, food and beverage processing and others.
“With initiatives like service efficiency consulting, regional sales and distribution, and expanded operations, today’s groundbreaking of our Henrico County facility will lead to positioning KSB as a market leader in several strategic target segments in the USA,” Luis Maturana, regional executive officer for KSB North America, said in a statement. “This state-of-the-art site, featuring an expanded warehouse, workshop and sustainable infrastructure, is an investment in our future as a market leader.”
The Virginia Economic Development Partnership worked with Henrico County to secure the project for Virginia. VEDP will support the company’s employee training through the Virginia Jobs Investment Program, a three-year incentive program that provides cash grant reimbursements for associated human resources costs after a company has had new employees on the payroll for at least 90 days.