Caesarstone, quartz surfaces maker, from Sdot Yam, Israel will invest up to $100 million to build a manufacturing plant in Richmond Hill, Georgia, that will employ 180. Caesarstone (NASDAQ:CSTE) makes engineered quartz surfaces that are used in both residential and commercial buildings as countertops, vanities, wall cladding, floors and other interior surfaces.
The American-Israel Chamber of Commerce Southeast Region initially suggested this project to the State’s economic development department and has been in contact with the company and site selection professionals throughout the process. The Chamber featured Caesarstone CFO Yair Averbuch at the Chamber’s annual Professional Seminar in August 2013.
“Our planned state-of-the-art facility will support our business and competitive postion throughout North America, which has quickly become both our largest and fastest-growing region around the globe,” said Yos Shiran, CEO of Caesarstone in a statement.
Renée Rosenheck, senior project manager for the Georgia Department of Economic Development (GDEcD), worked with Ronen Kenan, managing director of GDEcD’s office in Israel, and Page Siplon, director of Georgia’s Logistics Center of Innovation, to assist the company with its location. The state partners were critical in assisting Caesarstone with information on how Georgia’s business and logistical advantages could meet company needs. The Development Authority of Bryan County was also a key partner in the project.
“This project is a significant milestone in the business and economic relationship between Israel and the State of Georgia and AICC is proud to be a significant partner in this relationship. Caesarstone is now joining more than 45 Israeli companies already operating in Georgia. The Chamber pledges its continued support to the company and to the Georgia Department of Economic Development as this investment moves forward” said Shai Robkin, AICC President & CEO.