For Immediate Release - December 5, 2012
-NEAH Transportation Holdings, Inc. Locates Manufacturing & Assembly Operation in Shallotte Business Park-
Shallotte, NC – December 5, 2012 – NEAH Transportation Holdings, Inc. announced today that it has chosen an existing building in Shallotte Business Park to manufacture and assemble Refrigerated Transportation Vehicles (“RTV”) powered by solar energy and natural gas, blending renewable energy with traditional manufacturing. Torus Energy Group, which manufactures Walk-in Coolers, Freezers and large Cold Storage Facilities, will share facilities with NEAH. The project will create approximately thirty new jobs during the first year of operations, with anticipated employment of seventy-five skilled technicians and support staff within two years, at competitive wages and a projected capital investment of $50 million dollars in capital expenditures and finished products.
“We look forward to completing the improvements and beginning operations at our manufacturing facility in Shallotte Business Park,” said Karl Miller, Chairman of NEAH Energy. “Truck transportation generates roughly $250 billion in revenue annually in the United States. Trucking companies invest billions of dollars in equipment and infrastructure to ensure that shipments arrive on-time and intact. Refrigerated trucks containing food and other goods that need to be kept cold have unique constraints that can be a challenge for a trucking company. These industry challenges present a substantial opportunity for NEAH to manufacture a new class of energy and thermal efficient RTV’s for the food service industry and capture significant global market share.”
“NEAH explored several real estate options in Brunswick County, as well as surrounding communities, and we chose the facility that could meet our aggressive timeline to start operations and accommodate future growth.” said Steve Kehrer, Chief Operating Officer of NEAH Transportation. “Facility improvements are underway with production scheduled to begin in the first quarter of 2013.”
“Manufacturing is the backbone of any healthy economy, and we are delighted to have NEAH Transportation Holdings expand our manufacturing base in the Town of Shallotte,” said Sara McCullough, Mayor of the Town of Shallotte. “The jobs created will support our growing retail and commercial base, increasing our attractiveness as a business location. This is a great opportunity for our entire area and we look forward to establishing a long and successful relationship with NEAH.”
“Today’s announcement is great news for Brunswick County as it offers new job opportunities specializing in green energy for our talented workforce,” said Jim Bradshaw, Director of Brunswick County Economic Development Commission. “It is also representative of the great partnership between the county, the local communities and industry considering Brunswick County as a future location.” Brunswick County Economic Development and the Town of Shallotte worked closely to expedite permitting needed for facility improvements and Brunswick Community College has met with the company to develop a customized training program for future workers.
NEAH Transportation Holdings will be located in Shallotte Business Park, 3.5 miles northeast of Highway 130 (Whiteville Road) and Highway 17 interchange at Shallotte, NC. The facility is in close proximity to the famed Brunswick County Beaches and just 35 miles from Wilmington, NC and Myrtle Beach, SC. The building is 22,700 square feet on 5.34 acres with office, showroom and warehouse space inside the city limits of Shallotte. Zoned heavy industrial, this facility will accommodate all current and future expansion of NEAH manufacturing and assembly operations.
About NEAH Transportation Holdings, Inc.
NEAH Transportation Holdings, Inc. is an affiliate of NEAH Energy (“NEAH”). NEAH is an acquisition company formed to acquire industrial and energy-related assets and companies and, in some cases, invest in the public or private equity and debt of such assets or companies, with substantial growth and profit potential. NEAH Holdings invests in assets that can benefit from the Company's financial, operational, and management expertise as well as insight, relationship network, and senior-level guidance. For more information go to www.neahenergy.com
About Torus Energy Group
Torus Energy Group, (TEG) has developed Primary market Walk-in Coolers, Freezers and large Cold Storage Facilities.
TEG has researched and developed unique and patentable innovations which effect the reduction of energy usage, the environmental impact, extended reliability, enhanced food safety, and cost of ownership all made in the U.S.A. TEG has developed sales relationships for its new products with the Fortune 50 Food Processors, Grocery Chains, Food Logistic Chains and Independent Food Trucking Companies. These relationships were developed over the last 20 years while consulting for these companies on their past refrigeration needs with old technologies. The inventor and founder has committed major resources to build world class manufacturing facilities here in North Carolina. Jobs for Americans made with American Raw Materials.
About Brunswick County Economic Development Commission:
The Brunswick County Economic Development Commission is a public-private partnership that encourages, promotes and facilitates the development of new business and industry and the growth of existing businesses in Brunswick County. Brunswick County is located within the Wilmington Metropolitan MSA between Wilmington, North Carolina and Myrtle Beach, South Carolina. One of the fastest growing counties in the United States, Brunswick County offers a dynamic environment for business and industry with an exceptional quality of life. Additional information can be found at www.BrunswickEDC.com.