Building material companies from around the world are rapidly entering the United States - Opportunities for expansion in the U.S. market.
A must-see for construction material-related companies. Introducing "West Virginia," suitable for Japanese companies expanding into the U.S., along with the rapidly growing trends in the construction material industry.
Between 2020 and 2021, West Virginia saw a net migration of over 2,000 people for the first time in decades, making it one of the top states in the U.S. for population growth. To supply the growing U.S. housing market, many companies from Asia and Europe have established manufacturing plants and logistics hubs, and West Virginia has attracted significant investments from both domestic and international building materials industries. There is a diverse range of building materials industries, including insulation, hardwood flooring, kitchen cabinets, windows, doors, paints, coatings, and construction materials. Many of the companies entering the market cite reasons such as "good location," "availability of raw materials," and "low business costs." *There are advantages in tax deductions. 【About the Japan Representative Office of the West Virginia State Government】 Our office in Japan provides support services after entry, including market research, local property introductions, introductions to necessary professionals, and assistance with incentives, tax deductions, job training, and recruitment. We provide the latest local information, so please feel free to consult with us. *We are currently publishing an "Building Materials Industry Map" summarizing industry trends! Please check it out via PDF download.
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The characteristics of West Virginia are mainly the following four points: - Industrial electricity and gas rates are low (due to coal, natural gas, and shale gas-fired power generation, along with having one of the largest wind farms in the eastern U.S.) - It has one of the largest wind farms in the eastern part of North America, making it advantageous for the use of green energy. - Excellent access to the large market in the eastern United States; a logistics hub. - High retention rates (low turnover rate in the manufacturing sector). - Resilient to natural disasters (the terrain, which is largely covered by the gently sloping Appalachian Mountains, has solid bedrock, making it less susceptible to earthquakes, hurricanes, and tornadoes). Utilizing abundant electricity, the manufacturing sector began with the chemical industry and has expanded into automotive parts, aerospace and defense, metal processing, and building materials. Additionally, in response to green energy policies and work style reforms, new industries such as IT and EV-related sectors have been increasing. *In April 2022, BUILD WV (Better United In Long term Development) was enacted to attract residential development. There are also tax deduction benefits for Japanese companies entering West Virginia.
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**Case of a Construction-Related Company Expanding to West Virginia** The housing manufacturer 'Omnis Building Technologies,' headquartered in California, has established a manufacturing facility in West Virginia. **Main Reasons for Choosing WV (West Virginia)** 1. An ideal location convenient for transportation by rail and land to population centers across the country. 2. A high number of workers with strong work ethics. 3. The ability to utilize abundant natural resources that are readily available. **Location:** Bluefield, WV **Company Name:** Omnis Building Technologies (Headquarters: California) **Investment Amount:** US$40 million **Product Features:** Energy-efficient pre-engineered buildings using patented Concrete Insulated Building Units (CIBU), with construction time of a building completed in just a few days. **Factory Size:** 150,000 sq. ft **Expected Start of Operations:** End of 2022 **Number of New Employees:** 150 to 300 people
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The West Virginia Government's Japan Representative Office is an extension of the International Division of the West Virginia Department of Economic Development. West Virginia is located in the eastern United States, surrounded by five states including major cities like Washington D.C. and Pittsburgh, and is known for its strong manufacturing sector. The main features of West Virginia are as follows: - Low industrial electricity and gas rates (due to coal, natural gas, and shale gas-fired power generation, as well as having one of the largest wind farms in the eastern U.S. and being home to the Appalachian Hydrogen Hub in Morgantown). - One of the largest wind farms in the eastern U.S., advantageous for the use of green energy. - Excellent access to the large market in the eastern U.S. and a logistics hub. - High retention rates (ranked first in the nation for low manufacturing turnover rates according to the U.S. Department of Labor's Bureau of Labor Statistics). - Resilience to natural disasters (the terrain, which is predominantly covered by the gently sloping Appalachian Mountains, has solid bedrock, making it less susceptible to earthquakes, hurricanes, and tornadoes). Particularly active industries include chemicals, automotive parts, aerospace and defense, steel, metal processing, building materials, and IT, with recent growth in the EV and battery industries.