17 November 2002
17 November 2002
Vermont Composites’ 15,000 sq ft expansion of its Headquarter facility in Bennington is now complete. “With the continued growth in our business, Vermont Composites will now have the necessary manufacturing space to meet our customers’ needs”, says President, Dan Maneely.
Since the beginning of this calendar year, Vermont Composites’ employment has increased by 16% to a total of 128 full time employees.
The company’s business growth this year has come from several different areas including, Homeland Security, where the company manufactures components for airport baggage screening systems and aerospace & defense related applications, along with its medical business, which includes components and accessories for medical diagnostic imaging equipment.
The building expansion was supported with a financing package which included participation by the Chittenden Bank, the Vermont Economic Development Authority, the Town of Bennington and BCIC. Vermont Economic Progress Council provided additional subsidy for this expansion with a multi-year State Income Tax Credit package, tied to new jobs, research and development and capital spending.
New Zealand company Revolution Fibres is tripling nanofibre production to meet increased international demand from a range of industries, from cosmetics manufacturers through to Formula One teams.
US company Web Industries has opened its first European sales office in Hamburg, Germany.
Airborne Aerospace has been awarded a contract by Airbus Defence and Space Netherlands to manufacture 48 substrate panels for the solar arrays of 12 new Galileo FOC satellites.