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Pyrotek Inc., a global leader in the development, manufacture and sale of high-temperature materials for industrial applications, has announced their decision to relocate a manufacturing line from a plant in Mexico to Spokane Valley, Washington. The company considered proposals from several U.S. locations.
Greater Spokane Incorporated assisted Pyrotek in obtaining $150,000 in assistance funds from Governor Gregoire’s Strategic Reserve Fund, which included $75,000 in relocation assistance and $75,000 in employee training assistance for the project.
“Pyrotek’s decision to open a new manufacturing line bringing 20 new family-wage jobs is a great win for Spokane Valley,” said Gov. Chris Gregoire. “Working together at the state and local level in partnership with our business community, we are making sure that Washington has the competitive advantages growing companies need to succeed in a global marketplace.”
“Pyrotek evaluated several sites in the U.S. for this project. Considerations included building costs, existing operations, workforce availability and tax implications,” said Michael Sekedat, finance manager, Pyrotek. “Greater Spokane Incorporated was able to present us with a strong package for relocation assistance that helped us make the decision to bring the equipment and manufacturing to Spokane Valley.”
Production start-up is planned for August 2011. The company is expected to hire 20 new employees, at family wages plus benefits to run the new facility. The total capital investment by the company is estimated to be over $1,000,000 in equipment and renovations, plus ongoing lease and utility costs. Annual tax revenue to the state of Washington for this new project will be over $450,000.
Stan Key, manufacturing industry manager for Greater Spokane Incorporated said, “Pyrotek’s confidence in the Spokane region for this project is a strong message that our community is a great place for manufacturers.”
