WYTHEVILLE–Appalachian Cast Products, Inc., today received a grant from the Joint Industrial
Development Authority to assist with the expansion of its Wytheville facility at 585 Stafford
Umberger Drive in Fairview Industrial Park. The company will invest $1.6 M in a building
expansion and additional equipment and create 16 new jobs in addition to saving 12 jobs.
The Virginia Indemnification and Community Revitalization Commission awarded Wythe County
a Tobacco Region Opportunity Fund grant of $65,000 to assist with the company’s expansion.
Wythe County and the Town of Wytheville provided a Wythe Opportunity Fund grant in the
amount of $25,000 for the project. The grants are performance-based and require job creation
and investment within a 3-year performance period.
“The addition of our new facility in Wytheville has proven to be a valuable asset to Appalachian
Cast Products and has the potential to become even more profitable with the addition of new
capacity and capability,” said company President Michael Ferracci.
“I would like to congratulate Appalachian Cast Products on their expansion and their efforts to
save 12 jobs and create 16 additional employment opportunities for Southwest Virginians. This
announcement is a great example of what can happen when state and local agencies partner
with the private sector to grow business opportunities in our region. I look forward to continued
growth for ACP, and I am eager to work with public and private sector agencies in the future to
take advantage of similar opportunities for job creation,” said Tobacco Commission member
Senator Bill Carrico.
“We are pleased to celebrate ACP’s investment in its Wytheville facility that will lead to creation
of additional high-value technical jobs in Fairview Industrial Park,” said Joint IDA Chair Linda
Appalachian Cast Products, Inc., is headquartered in Abingdon, Virginia, and provides die cast
and machining services to multiple sectors. The company performs precision machining
operations at its Wytheville facility.