Navien announces major U.S. expansion
Navien announced it will establish its first U.S. manufacturing and assembly operation in James City County, Virginia. The 300,000-square-foot facility will be used as a distribution center for the first two years then begin the transition process and preparation into manufacturing operation in 2022, with the first stage of manufacturing expected to begin in 2023.
“Navien’s decision to locate its first U.S. manufacturing operation in James City County demonstrates the competitive advantage that Virginia offers to international companies looking to expand into new markets,” Virginia Governor Ralph Northam said. “This project is an important win for the greater Williamsburg region and our commonwealth, as Navien will bring a key facility back into productive use, create 180 high-quality jobs, and utilize the nearby Port of Virginia as its gateway to the world.”
Contingent upon regulatory permits and approvals, Navien’s current plans are to expand the existing facility starting in 2023, which will triple the footprint to nearly 900,000 square feet by 2026.
“The close proximity of this property to the Port of Virginia and the flexibility to expand and allow for Navien’s continued investment over time helped us make this decision,” Navien CEO Sangkyu Lee said. “Establishing an East Coast facility will support Navien’s growth and allow for faster delivery to primary eastern markets while balancing current shipments coming into California. We look forward to working with the Virginia Talent Accelerator Program as we grow this facility and its importance to Navien’s overall leadership position in North America.”
Distribution of Navien products from the new Virginia facility is slated to begin in April 2020.