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Vertex Rail to Come to Wilmington

CRESS group wilmington nc commercial real estateVertex Rail is planning to open a manufacturing plant in Wilmington, NC.  The manufacturing plant specializes in the design of rail cars. Their client list includes NASA and GE Hitachi Nuclear Energy. This news is a positive sign for the Industrial and Commercial Real Estate Industry of Southeastern North Carolina.

Don Croteau, CEO and managing director of Vertex, shared his thoughts about the opening in a November 25th interview with WilmingtonBiz.com.  Vertex plans to bring 1,300 jobs and invest approximately $60 million dollars in the new manufacturing plant. They plan to move into the former Terex Crane manufacturing facility located on 202 Raleigh Street.

Croteau points to the Wilmington area’s diverse work force, strong potential candidates, and “an economic climate which needs us here.”  He had found other sites in Pennsylvania, Texas, Georgia, South Carolina, Colorado, and California, but Wilmington was chosen.

Vertex plans to refit the building over the next few months. They have a goal of making over 1,400 cars within the first year of operation and eventually moving to 5,000 cars in the following years. A successful job fair has already been conducted at Cape Fear Community College. Croteau said over 1,000 resumes were gathered.

An open house/job fair/community day will be held on December 6th 2014 at the new site, formerly the Terex Crane factory located on 202 Raleigh Street. More information can be found at there website: http://www.vertexrail.com/

More information about Vertex Rail’s move to Wilmington, NC can be found here.

 

 

 

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