14 October 2005
14 October 2005
Harbor Technologies, the composite marine infrastructure, are to invest millions over the next few years to become a one-stop-supplier for composite marine technology.
The company who are based in Brunswick, USA, have outlined plans to Netcomposites which will see the company invest three to five million dollars in equipment and create at least 40 jobs in the next few years.
Harbor Technologies, who are a composite marine infrastructure currently specialising in the manufacture of composite pilings and composite docks, intend to become a single source supplier for all aspects of marine infrastructure with composite solutions, according to the companies Marketing Director, Eric Grimes.
”Given the companies aggressive growth plan we may go out and raise funding to facilitate this growth from a variety of sources. We intend to raise between 3-5 million dollars over the next 2 years which will allow us to increase our manufacturing capacity and capabilities”, Grimes added.
The company recently moved into a new manufacturing facility with 16,000 square feet of manufacturing space and have an option to expand the building to 30,000 square feet. This building was built for Harbor Technologies through a federal grant and has greatly increased our manufacturing capabilities. Harbor Technologies plans to employ as many as 40 people within five years at this Brunswick location.
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