Virginia’s New River Valley announced Oct. 29 that MELD PrintWorks Corporation plans to expand at Falling Branch Corporate Park in Montgomery County, investing $3 million in a new facility, according to the regional organization. The announcement did not give a construction start date or completion timeline.
The planned building will cover 12,000 square feet and is intended to help the company increase operations and manufacture larger components, Virginia’s New River Valley said. It will be built on the same property as Aeroprobe Corporation and MELD Manufacturing Corporation, according to the announcement.
MELD PrintWorks uses a patented process to print metal parts from a variety of alloys, the organization said. The parts are used in aerospace, defense, automotive and shipbuilding, according to its announcement.
Montgomery County will support the expansion with a one-time economic development grant through the Montgomery County Economic Development Authority, Virginia’s New River Valley said. The grant is for site infrastructure and service installation, stormwater-management compliance, and fees related to connections, permits and inspections, according to the announcement. It did not specify the grant amount.
