Oak Ridge Today

NNSA purchases LeMond building

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LeMond-Composites-Building-Aug-30-2016-2-Web

The National Nuclear Security Administration has purchased the LeMond Carbon building at Horizon Center in west Oak Ridge. The building is pictured above in August 2016.

 

Note: This story was updated at 9:45 a.m. Dec. 30 to correct that the building has been purchased.

The National Nuclear Security Administration has purchased a building in west Oak Ridge that has been the site of two major industrial announcements, one by CVMR and the other by LeMond Composites. Both projects had promised at least $125 million in investments and hundreds of jobs, but neither has proceeded as expected.

In the five or six years since those announcements, there have been few signs of activity at the facility when Oak Ridge Today has stopped by, although company executives have held out hope, when contacted, that their projects could still proceed.

The LeMond Carbon Facility is on Palladium Way at Horizon Center. The NNSA plans to use the building for the development organization at the Y-12 National Security Complex in Oak Ridge.

The sale price was $6.9 million, and the NNSA had 18 months to buy the building under an option-to-purchase agreement, the first of its kind for the agency. The sale was completed December 15. The NNSA is part of the U.S. Department of Energy, and it maintains the nation’s nuclear weapons stockpile, among other activities.

The rest of this story is available if you are a member: a subscriber, advertiser, or contributor to Oak Ridge Today. Already a member? Great! Thank you! Sign in here. Not a member? No problem! Subscribe here: Basic

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LeMond-Composites-Building-Aug-30-2016-2-Web
The National Nuclear Security Administration has purchased the LeMond Carbon building at Horizon Center in west Oak Ridge. The building is pictured above in August 2016.

Note: This story was updated at 9:45 a.m. Dec. 30 to correct that the NNSA has purchased the LeMond building.

The National Nuclear Security Administration has purchased a building in west Oak Ridge that has been the site of two major industrial announcements, one by CVMR and the other by LeMond Composites. Both projects had promised at least $125 million in investments and hundreds of jobs, but neither has proceeded as expected.


LeMond-Composites-Building-Aug-30-2016-2-Web

The National Nuclear Security Administration has purchased the LeMond Carbon building at Horizon Center in west Oak Ridge. The building is pictured above in August 2016.

 

Note: This story was updated at 9:45 a.m. Dec. 30 to correct that the building has been purchased.

The National Nuclear Security Administration has purchased a building in west Oak Ridge that has been the site of two major industrial announcements, one by CVMR and the other by LeMond Composites. Both projects had promised at least $125 million in investments and hundreds of jobs, but neither has proceeded as expected.

In the five or six years since those announcements, there have been few signs of activity at the facility when Oak Ridge Today has stopped by, although company executives have held out hope, when contacted, that their projects could still proceed.

The LeMond Carbon Facility is on Palladium Way at Horizon Center. The NNSA plans to use the building for the development organization at the Y-12 National Security Complex in Oak Ridge.

The sale price was $6.9 million, and the NNSA had 18 months to buy the building under an option-to-purchase agreement, the first of its kind for the agency. The sale was completed December 15. The NNSA is part of the U.S. Department of Energy, and it maintains the nation’s nuclear weapons stockpile, among other activities.

The rest of this story is available if you are a member: a subscriber, advertiser, or contributor to Oak Ridge Today. Already a member? Great! Thank you! Sign in here. Not a member? No problem! Subscribe here: Basic

Pro

Temporary

If you prefer to send a check, you may do so by mailing one to: Oak Ridge Today P.O. Box 6064 Oak Ridge, TN 37831 We also have advanced subscription options. You can see them here. We also accept donations. You can donate here. A donation of $50 or more will make you eligible for a subscription. Thank you for reading Oak Ridge Today. We appreciate your support!

CVMR still hopes to build $300M metal refinery, but R&D center on hold

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Michael Hargett and Kamran Khoza of CVMR USA

CVMR President Michael Hargett, left, and Kamran Khozan, chairman and chief executive officer, joined local, state, and federal officials on Friday, March 13, 2015, to announce they’re moving company headquarters from Toronto to Oak Ridge, investing $313 million and adding 620 jobs.

  Note: This story was last updated at 7:05 p.m. Seeking to clarify its plans, CVMR on Friday said it still hopes to build a metal refining facility in Oak Ridge to produce metal powders and “nano materials.” That investment, to be completed in three phases, could cost more than $300 million in the first phase and eventually employ 1,200 to 1,500 engineers and technicians, the company said Friday. But they will not establish a Center of Excellence focused on research and development of the application of vapor metallurgy technology to an expanding group of elements, CVMR said in a Friday letter to Tennessee Governor Bill Haslam. The company sought to publicly clarify its position after news stories this week suggested that the CVMR deal was dead. Some officials and developers had pushed back after those stories appeared in several Knoxville media outlets, saying they remained “cautiously optimistic” that the company could still come to Oak Ridge. [Read more…]