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.
Alvant has been appointed to work on a two-year, £28 million project titled Large Landing Gear of the Future, which aims to deliver a 30% weight reduction and assist the aerospace industry’s drive to reduce fuel consumption and carbon emissions.
Hexadrone’s 3D printed Tundra prototype, manufactured by CRP Technology via laser sintering (LS) technology using Windform SP and Windform XT 2.0 carbon composite materials, has won the Red Dot Award 2018 in the drone category.
UK company Norco Composites has invested in a larger spray booth and a new cutting and kitting machine to enable the company to increase productivity in line with growing demand from its marine customers.