2024-11-23
http://w3.windfair.us/wind-energy/news/4438-usa-wind-power-factory-to-open-in-oelwein

USA - Wind-power factory to open in Oelwein

161,000-square-foot facility will become the headquarters and production facility for Sector 5 Technologies

A start-up company was awarded state incentives Thursday to open a factory for the production of wind turbine components in Oelwein.

The company, Sector 5 Technologies Inc., plans to buy the former Donaldson factory that made metal air cleaners until closing in May of 1999. The 161,000-square-foot facility will become the headquarters and production facility for Sector 5. An incentive agreement approved Thursday by the Iowa Department of Economic Development Board indicates Sector 5 will create 99 jobs and invest $3 million. The jobs will pay an average of $23.89 per hour.

The state awarded $297,000 from the Community Economic Betterment Account program to Sector 5. The company also will be eligible for benefits under the state's Enterprise Zone program.

Sector 5 was founded by Dale Feauto, former president of Modern Engineering & Piping in Cedar Rapids. The company's long term plans are to diversify into components for the biofuels, food and pharmaceuticals industry, according to the Iowa Department of Economic Development.

Source:
Sector 5 Technologies Inc.
Author:
Edited by Trevor Sievert, Online Editorial Journalist / Author: Sector 5 Staff
Email:
press@windfair.net
Link:
www.windfair.net/...
Keywords:
wind energy, renewable energy, wind turbine, wind power, wind farm, rotorblade, onshore, offshore




Related News

Thematically suitable Windfair.net members in the business directory

  • Newlist_bmu_logo
  • Newlist_logo.overspeed
  • Newlist_ge_vernova_standard_rgb_evergreen
  • Newlist_cga_logo
  • Newlist_logo.engr.wisc
  • Newlist_eno_energy_ogo_claim
  • Newlist_anemos_logo_neu
  • Newlist_fin_logo_pne_rgb
  • Newlist_geonet_logo
  • Newlist_rts_wind_ag_logo_652x312px
  • Newlist_statkraft_logo
  • Newlist_logo.argentinaeolica.org
  • Newlist_logo.mesalands
  • Newlist_peikko_logo
  • Newlist_logo.afriwea
  • Newlist_energiequelle_logo
  • Newlist_sabowind_logo
  • Newlist_agile_wind_power_logo1
  • Newlist_logo.renewableenergycareers
  • Newlist_logo_web_inkl_neuer_url_web.energy
  • Newlist_bwts_logo_2021

more results



Keyword Search

© smart dolphin Gmbh 1999 - 2024