Gefertec, LLC, a European company that will introduce its additive manufacturing technology – a form of 3D printing - to the U.S. market, will open their first manufacturing facility in the Dan River Region, with the intent of creating eight new jobs and investing $1.9 million over three years.
The jobs will pay at least $60,000 per year.
Gefertec, based in Berlin, Germany, develops new methods for making metallic parts, enabling the companies who buy Gefertec’s technology to streamline their production.
The company will rent temporary space at the Institute for Advanced Learning and Research, located in Danville, for two years, with rental covered by the Danville-Pittsylvania Regional Industrial Facility Authority. The company will move to a permanent space in the Dan River Region in the future.
The Virginia Tobacco Commission will reimburse the industrial facility authority $45,000 to help cover the $50,752 rent. The authority will cover the remaining $5,752, but taxes from machinery and tools should pay for that after a year, said Danville City Manager Ken Larking.