International manufacturer of electric vehicle components plans
to invest $94.7 million in a
333,000-square-foot facility in New
Century, Kansas
KANSAS
CITY, Mo., Aug. 2, 2023 /PRNewswire-PRWeb/ -- The
Kansas City Area Development Council announced today that
international company Cnano Technology USA plans to invest $94.7 million in a 333,000-square-foot
manufacturing facility at the New Century Commerce Center. The new
facility is expected to create 112 jobs with a payroll of
$7.1 million.
Cnano will use the new facility to create liquid conductive
paste, a component used for a variety of electronic applications,
including batteries for electric vehicles, cell phones and power
tools.
"Cnano Technology is incredibly excited to partner with
Johnson County to build out a new
U.S. facility to manufacture conductive and structural additive
products for the lithium-ion battery, rubber and polymer, and
composite markets," said Shawn
Montgomery, president of Cnano Technology USA, Inc. "We're proud to bring cutting-edge
technology, investment dollars and, most importantly, jobs to the
region."
Located in Johnson County in
the southwest area of the Kansas
City region, the New Century Commerce Center is a multimodal
industrial center offering direct access to air, rail and
interstate transportation over 2,700 acres.
"We are pleased to welcome Cnano to the New Century Commerce
Center, joining over 60 multinational businesses who are leaders in
the fields of warehousing, distribution, printing, food processing,
manufacturing and avionics," said Johnson
County Board of County Commissioners Chairman Mike Kelly. "In addition to the more than 110
new jobs this company will create, I appreciate the science and
innovation coming into our community and look forward to the impact
EV batteries will ultimately make towards decreasing vehicle
emissions and helping to protect our planet."
Cnano's new facility will be located in a Class-A spec building
in the Commerce Center, which was developed in an 850-acre
public-private partnership, publicly by Johnson County Government
and the Johnson County Airport Commission, privately by VanTrust
Real Estate and marketed by CBRE. Newmark
Zimmer represented Cnano in their site search.
"VanTrust is proud to partner with Johnson County as the master developer for the
New Century Commerce Center. When fully completed, we expect to
have more than 7 million square feet of industrial space developed.
We welcome the significant new investment and manufacturing jobs
that the area will experience due to Cnano's selection of
New Century for their North
American headquarters," said Justin
Duff, vice president of VanTrust Real Estate.
The Kansas City region
continues to see massive industrial growth, particularly in the
area of electric vehicle development, recently including Panasonic
Energy's plans to build a $4 billion
electric vehicle battery manufacturing facility in De Soto, Kansas.
"As a thriving hub for manufacturing and logistics, the
Kansas City region is a highly
attractive choice for innovative companies, including Cnano, to
locate their operations," said Chris
Gutierrez, president of KC SmartPort. "With the most central
location in the U.S., available real estate options and access to
more than 190,000 skilled industrial workers, KC continues to stake
its claim in the attraction of industrial innovation."
A leading North American logistics hub and key location for
manufacturing, distribution and e-commerce, the Kansas City region has delivered 70 million
square feet of industrial development in the last ten years and
employs more than 190,000 people in the manufacturing and logistics
industry.
About Cnano Technology
Cnano Technology USA is a world
leader in the production of engineered nano-carbon products used in
energy storage applications. Cnano Technology has a commitment to
the research and development, production, and sales of carbon
nanotubes and graphene, as well as application development. A
global technical pioneer, Cnano Technology's commercial
applications include materials for lithium-ion batteries,
conductive polymer composites, antistatic coatings, tire rubber
reinforcement and other markets. For more information, contact
Cnano Technology USA at (888)
451-4283.
About VanTrust Real Estate, LLC
VanTrust Real Estate, LLC is a full-service real estate development
company that has been named NAIOP's 2023 Developer of the Year. The
company acquires and develops real estate assets for the
Van Tuyl family portfolio and offers
a broad range of real estate services including acquisition,
disposition, development, development services, corporate services,
and asset management. Product types include office, industrial,
multifamily, science + technology and mixed-use. VanTrust works
nationally with regional offices in Columbus, Dallas, Phoenix, and Jacksonville with its headquarters in
Kansas City, Missouri. For more
information, visit http://www.vantrustre.com.
About the Kansas City Area Development Council (KCADC)
Serving the 18-county, two-state Kansas
City area, the Kansas City Area Development Council is an
economic development nonprofit that promotes the region's business
and lifestyle assets to companies and talent around the world.
Working closely with its two states, and 50-plus county and
community partners, the region has attracted more than 64,000 new
jobs over its 45-year history. KCADC also leads the efforts behind
the KC Animal Health Corridor, KC SmartPort, TeamKC, KC Global
Design and KC Heartland. thinkKC.com.
About Greater Kansas City
Home to 2.5 million people, Kansas
City is a vibrant metro in the heart of the U.S., known as
the "KC Heartland." The KC region is a center for leading
industries including technology, logistics, animal health and
entrepreneurship, and is home to a renowned arts community.
http://www.KC.org.
Media Contact
Sam Brancato, Violet PR,
8627543332, sam@violetpr.com
SOURCE Kansas City Area Development Council
