IVC US Announces Plans To Build 2nd U.S. Plant In $80 Million Project

Saturday, November 9, 2013

IVC US announced that plans are underway to build a brand new luxury vinyl plank and tile (LVT) manufacturing facility in the United States, with the largest capacity in North America. The $80 million project is anticipated to be completed and fully operational first quarter 2015. The firm's initial plant is at Dalton, Ga.

Officials said they have not announced where the second plant will be.

“Following the success of our LVT investment in Belgium, the decision to move forward with another major LVT investment for North America underscores IVC Group’s position in leading this category from both sides of the Atlantic. It also underscores our confidence in the North American market,” said Jan Vergote, CEO of IVC Group.

In 2012, IVC Group opened its ultra-modern LVT manufacturing plant in Belgium, eliminating the need to source from the Far East. This plant currently supplies all residential and commercial LVT sold by IVC around the world. The strong and consistent demand for LVT in the marketplace has solidified IVC’s need for a second plant investment, officials said.

“IVC US is ready to engage in its second North American manufacturing investment since 2011, when we opened our sheet vinyl plant in Dalton, Ga.,” said Xavier Steyaert, co-CEO of IVC US. “Just as we proved with fiberglass sheet vinyl, we will again demonstrate with LVT our capability to deploy state-of-the-art manufacturing technology, combine it with operational excellence and create more American jobs.”

The 300,000 square foot LVT manufacturing facility is projected to create in excess of 200 jobs. In addition, building the new plant in the United States will also mean that 100 percent of IVC US LVT will be American made.

“By widening the breadth of our product portfolio made in house and in the U.S., it will allow our distributor and retail partners to further deepen their relationship with IVC US,” says Paul Murfin,
Co-CEO of IVC US. “They will also enjoy high quality products that will generate high profit margins, just as they are currently experiencing with our residential and commercial fiberglass sheet vinyl and our Belgian-made LVT products.”

Since 2004, when IVC Group first decided to incorporate IVC US to service the North American markets, it has experienced explosive growth, it was stated.


Chattanooga Chamber Business Calendar Oct. 3-10

MON/3 Bubbly vs. Brews (A Startup Week Event) 5:30-7:30 p.m. Chattanooga Chamber Alley: 811 Broad St. The purpose of this event is corporate matchmaking with local startups. If you’re a startup, click here to register.   MON/3 – NEWtrepreneur? 10 Bookkeeping Mistakes to Avoid from the Start (StartUp Week) Noon – 1:30 p.m. TN Small Business ... (click for more)

Supreme Court Abolishes Mutuality Element Of Collateral Estoppel

In a unanimous opinion, the Tennessee Supreme Court has modified the state’s approach to collateral estoppel – a legal principle governing the relationships and issues between parties that are involved in successive legal proceedings. The decision will prevent a person who has been convicted of a criminal offense from contesting guilt in a subsequent civil lawsuit brought by the ... (click for more)

County GOP Chairman Says Mayor Berke Should Immediately Resign For Admittedly Using Encrypted Messaging With Top Staff

Hamilton County Republican Party Chairman Tony Sanders said Chattanooga Mayor Andy Berke "should immediately resign after admitting that he and his senior staff employ an encrypted message application that neither records or stores messages sent and received for the purpose of official city of Chattanooga business on a government-owned server." He said he was guilty of "deliberates ... (click for more)

Corker Says Without Budget Reform, Washington Is “Laying A Huge Burden On Future Generations”

In remarks on the Senate floor  on Wednesday , Senator Bob Corker joined a number of colleagues to discuss the broken federal budget process.   “The processes that we have in place make it impossible for us to really deal with our country’s fiscal issues,” said Senator Corker. “Today is the perfect example of that: we pass a continuing resolution ... (click for more)

Outrageous To Give Vehicles To Nation Of Islam Neighborhood Patrol - And Response

Chief of Police Fred Fletcher of the Chattanooga Police Department has recently decided to give two surplus patrol vehicles to the Nation of Islam Neighborhood Patrol. This is an insult to the life and memory of PO Philip Cardillo who lost his life in April 1972 at the hand of the members of the Nation of Islam Mosque No.7 in Harlem and his fellow officers who were savagely beaten ... (click for more)

Roy Exum: The Knobfather & Me

I’ve seen some beautiful things in my life. I’ve eaten dinner inside the Eiffel Tower with the city of Paris all aglitter below. I’ve been sprayed by champagne in the Dallas Cowboys’ dressing room after they won the Super Bowl. I’ve stood both at the top and at the bottom of the Grand Canyon. I’ve snorkeled in the Great Exuma islands, learned to snow ski in the Austrian Alps, and ... (click for more)