Super Radiator Coils (SRC) recently broke ground at its manufacturing facility in Minnesota to build a 22,000 s.f. addition to meet demand for heat exchanger coils that are used at nuclear power plants, as well as other applications. The company previously expanded its original 65,000 s.f. plant in 2012 with a 13,000 s.f. addition to build the same equipment.
The company is one of only three manufacturers in the world that are certified by the American Society of Mechanical Engineers (ASME) to meet its high quality standards for nuclear power plant equipment and to display the society’s “N-Stamp” on its coils. The company also has a 110,000 sq. ft. plant in Richmond, VA, and two facilities in Phoenix, AZ, that total 65,000 sq. ft.
SRC will provide most of the funding itself for the new addition, but the company has been approved to receive a $287,500 grant from the Job Creation Fund of the Minnesota Department of Employment and Economic Development (DEED). In addition, it will receive a $150,000 loan from the Carver County Business Loan Fund.
“The Minnesota Job Creation Fund was launched just seven months ago, but it has already helped more than a dozen businesses across the state expand, creating hundreds of new jobs,” said Governor Mark Dayton. “I thank Super Radiator Coils for this important expansion, and for the up to 30 new jobs this project will create.”
The new $4 million addition will result in the new jobs being created over the next three years for highly skilled workers, according to Rob Holt, SRC’s President and CEO. The privately held company employs more than 350 people at its three facilities.