Oak Ridge Today

CVMR, partner agree to concentrate ore in Guatemala, refine it in Oak Ridge

Posted at
By 11 Comments

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. (File photo by John Huotari/Oak Ridge Today)

 

Note: This story was last updated at 11:37 a.m.

CVMR Corporation and Central America Nickel Incorporated have agreed to concentrate three million tons of ore per year in Guatemala and refine the concentrate in Oak Ridge. The refined products could be used in the aerospace and defense industries, and in the manufacturing of car parts, 3D printing and injection molds, and medical instruments and electronic parts.

“The joint venture expects to generate over $500 million a year (U.S. dollars) after commissioning and ramp up,” said Kamran M. Khozan, chairman and chief executive officer of CVMR Corporation.

The partnership was announced Thursday. See the press release here.

The announcement said CVMR and Central America Nickel, or CAN, will use CVMR’s proprietary chemical vapor metallurgy technology to concentrate the three million tons of ore per year in Guatemala and refine the concentrate in Oak Ridge, through CVMR and from CAN’s Santa Anita property in Guatemala. [Read more…]

Highway should be renamed Oak Ridge Corridor, Alexander says

Posted at
By 1 Comment

U.S. Senator Lamar Alexander

Lamar Alexander

The highway that runs from Oak Ridge to the Knoxville airport should be renamed the Oak Ridge Corridor, U.S. Senator Lamar Alexander said Thursday.

The highway starts in Oak Ridge as South Illinois Avenue, and it turns into Pellissippi Parkway.

Alexander, a former Tennessee governor, said he wants to give the area a signature like Research Triangle in North Carolina or Silicon Valley in California.

“I can think of no better calling card for a job recruiter than to be able to go anywhere in the world and say, ‘I’m from the Oak Ridge Corridor,'” the Tennessee Republican said in a press release after speaking to Rotary members at the Rotary Club of Oak Ridge. “In Anderson, Roane, and Knox counties, more than 40,000 people have graduate or professional degrees. This includes 1,600 scientists and engineers at Oak Ridge National Laboratory, more than 1,000 PhDs at the University of Tennessee, and hundreds of engineers at Tennessee Valley Authority and at Y-12 National Security Complex. We are in the middle of one of our country’s most formidable concentrations of brainpower.” [Read more…]

UT: Expertise in materials science, additive manufacturing helps draw CVMR to Tenn.

Posted at
By Leave a Comment

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, to announce they’re moving company headquarters from Toronto to Oak Ridge, investing $313 million and adding 620 jobs.

 

Tennessee Governor Bill Haslam and Economic and Community Development Commissioner Randy Boyd announced last week that CVMR Corporation is relocating its global headquarters to Oak Ridge from Toronto, Canada. CVMR provides materials for additive manufacturing and announced it will create 620 jobs.

During recruitment of CVMR, University of Tennessee officials assisted the state and hosted the company at UT Knoxville to visit with engineering and chemistry faculty and learn about graduate programs, such as the Bredesen Center for Interdisciplinary Research and Graduate Education, as well as internships and co-ops for students, a press release said. UT System officials provided information about technology transfer, the UT Research Foundation, and Cherokee Farm Innovation Campus. CVMR also learned more about the University’s role in leading the Institute for Advanced Composites Manufacturing Innovation, or IACMI, a $259 million partnership announced by President Barack Obama in January. [Read more…]