108 jobs expected with new titanium metal powder facility in South Boston

Published: Sep. 27, 2022 at 12:04 PM EDT
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SOUTH BOSTON, Va. (WDBJ/Governor’s Office Release) - IperionX Limited, a U.S. minerals company, plans to make a capital investment totaling $82.1 million to establish Virginia’s first titanium demonstration facility, in Halifax County.

Governor Glenn Youngkin made the announcement Tuesday morning.

The company’s project will develop over two phases, with phase one consisting of a $12.5 million investment in building construction and production-related machinery and tools, and a further $69.6 million investment anticipated under a Phase 2 expansion within three years of the initial development, according to Youngkin’s team.

Anastasios Arima, Founder and CEO of IperionX, said, “We are delighted to have chosen South Boston and Halifax County as the site for our inaugural titanium demonstration facility, which is a critical step in advancing IperionX’s ambition to re-shore an all-American source of titanium metal. We are highly appreciative of the support and welcome that we have received from our partners and stakeholders in Virginia and look forward to establishing IperionX as a leader in advanced manufacturing in our new home.”

The company will initially occupy the 50,000-square-foot Halifax Shell Building in the Southern Virginia Technology Park and plans to expand the facility to 100,000 square feet in the coming years. IperionX plans to source 100% renewable energy to produce 100% recycled titanium to supply advanced industries including automotive, defense, aerospace, electric vehicles and 3D printing, said Youngkin.

“We are thrilled to welcome IperionX to the Commonwealth. The new Halifax County operation will represent the first titanium metal powder facility in the U.S. using 100% recycled titanium scrap as feedstock, putting Virginia on the map for providing a critical material that is essential for our advanced industries,” said Governor Youngkin. “We look forward to supporting this forward-thinking company that will develop a new supply chain of titanium right here in the Commonwealth while creating high-quality jobs.”

“IperionX selecting Virginia for this multi-phase investment beginning with its inaugural titanium demonstration facility is a huge win for the Commonwealth,” said Secretary of Commerce and Trade Caren Merrick. “We are proud to welcome this visionary and innovative company to Virginia’s corporate roster.”

Virginia competed with North Carolina, South Carolina and West Virginia for the project, designed to create 108 jobs over the three-year Phase 1 and Phase 2 development period.