Market: Wood processing
Posted October 20, 2017
West Virginia Great Barrel Company will build a hardwood manufacturing plant in Greenbrier County. The 90,000-square-foot plant will be situated on a 23-acre site in White Sulphur Springs, West Virginia.
West Virginia Great Barrel Company has been approved for a $6 million loan from the West Virginia Economic Development Authority to finance the purchase of equipment and the land. David Warner, WVEDA executive director said the project also has attracted another $6 million from banks. Combined with funds from private investment sources, the total project funding amounts will be more than $30 million.
The Marshall University Center for Business and Economic Research completed an economic impact analysis that puts the total annual economic impact of the manufacturing facility at over $50 million dollars.
Construction on the West Virginia Great Barrel Company facility is slated to begin in 2018. The plant is scheduled to become operational in the 1Q 2019.