Introduction

EPT (Electronic Precision Technology) automotive, a subsidiary of EPT GmbH & KG, Peiting, Germany, has leased 46,300 square feet of manufacturing space in River's Bend in Chesterfield County for a new facility to produce electrical connectors for the automotive industry. EPT supplies integrated solutions for electrical connection technology to the automotive industry.

 

EPT was provided site-selection and relocation assistance by the Virginia Economic Development Partnership, the Virginia Department of Business Assistance, the Greater Richmond Partnership, Inc. and the Chesterfield County Department of Economic Development.

 

Budget

The facility involves an estimated US$5 million in investment and will become operational in October 2008.

 

Commenting on the development of the new facility, Thomas Guglhör, president of EPT automotive, said "We are very excited about our new production facility to be established in Chesterfield County. Virginia is perfectly located as a bridge between our parent company in Germany and our many automotive customers in North America. The support we received from state, regional and local economic development officials goes back several years and helped make our decision a confident one."

Project Name

Location

Chesterfield County, Virginia, US

Commence

September 2008

Completion

October 2008

Estimated Investment

US$5 million

Capacity

N.A

Key Players

Electronic Precision Technology Automotive, Virginia Economic Development Partnership, the Virginia