North American Mold Technology will build a manufacturing plant in Danville, Va., according to the governor’s office.
The company will invest $4.35 million for the 260,000-square-foot-facility. The plant will assemble and repair tire molds and provide other support services to tire manufacturers in the U.S. and other countries.
The company will receive a $250,000 grant from the state for building its manufacturing plant in Danville.