Vigilancia Tecnológica
Thermoformer VIP investing $6.5M, hiring 92 in Virginia
Elkton, Va.-based Virginia Industrial Plastics Inc. (VIP), a thermoforming and fabrication company, plans to invest $6.5 million to expand its manufacturing facility, in part to add capacity for its products branded as Cabinet Savers and VIP Golf Cars.
The expansion will create 92 new jobs.
Founded in 1978, the family run company manufactures a variety of products for the meat processing, leisure, medical, commercial, transportation, industrial, heavy equipment and agricultural markets.
"Our ability to make products or parts ranging from a couple of inches in size up to 7-by-11 feet is a big differentiator from our competitors," VIP President Ed Fisher said in a news release.
The company's services include tooling and mold creation using wood, synthetics, composites or aluminum; thermoforming and vacuum forming; computer numerically controlled trimming operations; assembly and just-in-time inventory.
"We chose Elkton, Virginia due to it being geographically close [within 350 miles] to many companies we want to do business with to save on shipping costs. Additionally, Rockingham County has a good source of workers and provides a great quality of life," Fisher said.
He is also the principal of Ale Holdings Inc., which was created in 2016 to acquire VIP.
The company started as a plastic fabrication business then added prototype development and small- to high-volume production runs.
VIP also designs and manufactures mold-resistant cabinet liners and aftermarket parts and accessories for customizing golf carts — the company's proprietary line is called "Golf Cars" — like roofs, dashboards, cargo boxes and flare fenders.
The Virginia Economic Development Partnership worked with Rockingham County to secure the project for Virginia and will support job creation at VIP through the Virginia Jobs Investment Program.
The expansion will create 92 new jobs.
Founded in 1978, the family run company manufactures a variety of products for the meat processing, leisure, medical, commercial, transportation, industrial, heavy equipment and agricultural markets.
"Our ability to make products or parts ranging from a couple of inches in size up to 7-by-11 feet is a big differentiator from our competitors," VIP President Ed Fisher said in a news release.
The company's services include tooling and mold creation using wood, synthetics, composites or aluminum; thermoforming and vacuum forming; computer numerically controlled trimming operations; assembly and just-in-time inventory.
"We chose Elkton, Virginia due to it being geographically close [within 350 miles] to many companies we want to do business with to save on shipping costs. Additionally, Rockingham County has a good source of workers and provides a great quality of life," Fisher said.
He is also the principal of Ale Holdings Inc., which was created in 2016 to acquire VIP.
The company started as a plastic fabrication business then added prototype development and small- to high-volume production runs.
VIP also designs and manufactures mold-resistant cabinet liners and aftermarket parts and accessories for customizing golf carts — the company's proprietary line is called "Golf Cars" — like roofs, dashboards, cargo boxes and flare fenders.
The Virginia Economic Development Partnership worked with Rockingham County to secure the project for Virginia and will support job creation at VIP through the Virginia Jobs Investment Program.
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