UPDATE 11/21/2013 5:00 PM
The second big economic development announcement for the Valley in a week.
This time Jackson County lands a major project - a new plant and jobs immediately.
It's a Texas company called Carbonyx.
They're part of the steel industry.
The multi-million dollar construction project breaks ground next year in Millwood.
While this may not be as big a development as last week's "cracker" announcement, it does bring an economic ray of light to an area which needs it.
The company is called Carbonyx, which Thursday morning was awarded a $15 million economic development loan.
It plans at least 60 jobs, possibly with more on the way, and definitely more with the construction process, which will take a couple of years.
"There were several states they were looking at, and they finally chose West Virginia," says Governor Earl Ray Tomblin. "They were very impressed with what we were able to do, with stable government, not having any tax increases for nearly 20 years; actually lowering some of the business taxes."
The Texas-based company will manufacture a coal-based ingredient which would replace coal as a key element in steelmaking.
In one of his interviews Thursday, Governor Tomblin referred to the product Carbonyx will manufacture as "new coke".
Local leaders in Jackson County were very quick to embrace the news of the new plant.
UPDATE 11/21/2013 12:10 PM
West Virginia Governor Earl Ray Tomblin announced Thursday a new plant is opening in Millwood in Jackson County, creating at least 60 jobs.
Governor Tomblin says Carbonyx, Inc., a Texas-based company, will invest tens of millions of dollars in the plant.
It will use coal to produce a key steelmaking ingredient.
"We are excited and honored to welcome Carbonyx to West Virginia," Gov. Tomblin said. "Carbonyx is a tremendous innovator in the steelmaking business--and they've decided to invest right here in the Mountain State because of our top-notch workforce and winning business climate."
"This company could have chosen anywhere in the world to build this plant, and they chose Jackson County," Gov. Tomblin continued. "This means an investment of tens of millions of dollars and at least 60 good-paying jobs, which is great news. The plant's impact will reach beyond Jackson County: Carbonyx will use West Virginia coal to produce a key ingredient for steelmaking, which is in demand from major steel companies. This announcement is a huge victory for our entire state."
"It's a natural fit to make West Virginia home to our Carbon Alloy facility due to its coal reserves, long standing tradition with the steel industry, a proactive government led by Governor Tomblin and, above all, the quality of its people. During our efforts we received unprecedented support from people of all walks of life." said Dr. Siddhartha Gaur, the CEO of Carbonyx Inc.
Construction begins next year.
Hiring will begin soon after construction.
Positions will include management, operators and maintenance personnel.
Prospective applicants should visit the company's website.
Find the link to the right on this story.
West Virginia Governor Earl Ray Tomblin says a new Carbonyx facility is coming to Jackson County.
It will produce Cokonyx, a steelmaking ingredient.
At least 60 new jobs will be created, according to the governor.
Tune in to WTAP News at Noon for a live report from the State Capitol.
West Virginia Governor Earl Ray Tomblin is making an economic development announcement Thursday, Nov. 21 that impacts Jackson County.
The announcement is being made at 11:30 A.M.
Click on the link to the right to watch it live.