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Friday, April 20, 2012

BGB Technology Selects Chesterfield for U.S. Facility

BGB Technology Inc. today announced plans to establish their first U.S. facility in Chesterfield County, Virginia. BGB designs and manufactures electrical and optical slip ring assemblies for rotary applications, including components for wind turbine systems. The company also designs and makes underwater lighting and camera systems and wireless Ethernet bridge systems. BGB has been in operation for over 30 years and is a leader in the slip ring and brush holder market in the United Kingdom. They plan to invest over $2 million and employ 15 as they ramp up their new operation. The new facility will be located on Port Walthall Drive in southern Chesterfield.

Speaking of today’s announcement, Dan Gecker, Chair of the Chesterfield County Board of Supervisors said, “We are delighted that BGB has made Chesterfield County their U.S. home. The international business community is quite strong in Chesterfield and it is our pleasure to welcome them as our newest member.”

“We look forward to opening our new facility and further increasing our sales to the U.S. market”, said David R. Holt, CEO of BGB. “I would like to personally thank Chesterfield County Economic Development and the Greater Richmond Partnership for their professional assistance. Their pro-business attitude and business friendly environment made the decision much easier”.  Mr. Hemstock, Operations Director, will be moving to Chesterfield and overseeing the new facility.

In addition to Chesterfield Economic Development, the Greater Richmond Partnership assisted BGB in their site selection process. The Virginia Department of Business Assistance will be providing workforce assistance.