Niles, Ohio-based titanium manufacturer RTI International Metals (www.rti-intl.com) will spend $100 million to open a manufacturing plant in Patriot Center, an industrial park developed by Martinsville and Henry County in Southern Virginia.
“This project is exceptional for Martinsville-Henry County,” Gov. Timothy M. Kaine said in a statement. “RTI International Metals needed an existing building to start operations as quickly as possible and the new Patriot Centre Shell Building met all the company’s needs. The region will greatly benefit from 150 employment opportunities and having this global company as a corporate citizen.”
The company manufactures and distributes titanium and specialty mill products and engineered systems for aerospace, industrial, defense, energy, chemical and consumer applications customers.
Kaine approved spending $633,168 from the Governor’s Opportunity Fund to help Martinsville and Henry with the project. The Virginia Tobacco and Indemnification and Community Revitalization Commission approved spending $1.33 million in Tobacco Region Opportunity Funds for the project.