CVMR Archives - Oak Ridge Today

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

Posted at 11:01 am January 28, 2016
By John Huotari 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…]

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

Posted at 3:41 pm December 4, 2015
By John Huotari 8 Comments

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…]

Guest column: Won’t support tax increase, urges residents to prevent further waste

Posted at 11:51 am July 9, 2015
By Trina Baughn 15 Comments

Trina Baughn

Sixteen years ago, Partners for Progress successfully lobbied the city to spend over $15 million of your (the taxpayer) money to launch a major development on the West End of Oak Ridge. The promises were enough to make people starry eyed. There was to be a picturesque subdivision of nearly 4,000 homes along with an industrial complex that, when all was said and done, would produce 17,000 jobs, $1 billion in payroll, and nearly $13 million in additional annual property taxes.

Three years ago, many of the same folks behind Partners for Progress began a similar PR campaign touting the sale and redevelopment of the mall. “More shopping choices are coming!” they proclaimed. To date, the city has approved the use of $1.5 million of your money for infrastructure costs and a $13 million TIF (tax increment financing), which will suppress property tax revenue at current levels for the next 30 years. In other words, no matter what happens, the 64 acres will continue, as it has for the last decade, to produce only 10 percent of its original value because any increases will be used to repay the TIF loan. Developers and city officials claim that the project will produce $1 million (or 20 percent) in additional sales tax revenue to the city, though, historically, the national retail sales growth rate range is between -11.51 percent to +11.18 percent. Even if we find a way around the notoriously stringent Wal-Mart non-compete covenants and actually bring in real retail, it is absolutely impossible to expect these projections to materialize, since, even in the best of times, we’ve not seen half that level of growth. [Read more…]

Gooch: Main Street No. 1 priority, gives updates on National Park, reappraisals, airport

Posted at 1:08 am May 6, 2015
By Oak Ridge Today Staff Leave a Comment

Main Street Oak Ridge Site Plan April 16, 2015

Oak Ridge Mayor Warren Gooch on Tuesday said his number one priority for the community is the successful development of Main Street Oak Ridge, which would redevelop the former Oak Ridge Mall. Pictured above is a cropped picture of the Main Street Oak Ridge site plan as of April 16. A link to a larger PDF version of the plan is included in the story below.

Note: Oak Ridge Mayor Warren Gooch gave an update on positive developments and challenges during a talk to the League of Women Voters of Oak Ridge on Tuesday, May 5. Here is a lightly edited version of his remarks, which organized the positive developments and challenges into sections. Gooch was appointed mayor by the seven-member Oak Ridge City Council on November 24. This is his first four-year term on the City Council.

It is a distinct privilege for me to serve as your mayor, but I always preface my remarks by saying that I am not speaking today for Council or for the city manager. I have one vote on Council, but I do consider myself to be the chairman of the board of directors for the city.

In that capacity, as I enter my sixth month of service as mayor, I want to share my thoughts about positive developments in our city, discuss near-term challenges that we face, share the results that I have from the community survey that I have been conducting, and leave time for your questions and comments.

First. My number one priority for our community is the successful development of Main Street Oak Ridge (which would redevelop the former Oak Ridge Mall), and it is moving forward. Last week, Crosland Southeast announced that MDC Development Group of Atlanta will be the hotel developer for the project. MDC is also a major developer in the senior housing industry and 15 months ago opened Canterfield Oak Ridge Assisted Living. It has been very successful and well-received in our community.

I was advised yesterday (Monday, May 4) that the retail leasing component of the Main Street project is moving forward, as are the negotiations with a developer for the multi-family housing component of the Main Street project. Groundbreaking and demolition for Main Street is on schedule to begin by June 30. [Read more…]

Groundbreaking, demolition for Main Street Oak Ridge on schedule for June 30, mayor says

Posted at 1:31 pm May 5, 2015
By John Huotari 4 Comments

Warren Gooch

Groundbreaking and demolition for Main Street Oak Ridge, the redevelopment of the former Oak Ridge Mall, is on schedule to begin by June 30, Mayor Warren Gooch said Tuesday.

The $80 million redevelopment of the 60-acre site in the heart of the city is perhaps the most eagerly anticipated project of the past decade.

Crosland Southeast, the North Carolina company that has proposed Main Street Oak Ridge, announced last week that MDC Development Group of Atlanta will be the hotel developer at the site.

“MDC is also a major developer in the senior housing industry and 15 months ago opened Canterfield Oak Ridge Assisted Living,” Gooch said. “It has been very successful and well-received in our community.” [Read more…]

CVMR provides information for job applicants, vendors interested in Oak Ridge work

Posted at 8:26 am April 7, 2015
By Oak Ridge Today Staff Leave a Comment

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.

CVMR, the Toronto company that is moving its headquarters to Oak Ridge, has provided contact information on its website for job applicants and vendors interested in employment and service opportunities at its Oak Ridge office.

Job applicants can send their resumés to [email protected].

Vendors can send their information to [email protected]. [Read more…]

Big day: Main Street Oak Ridge, Manhattan Project Park on Thursday’s agenda

Posted at 7:58 pm March 25, 2015
By John Huotari Leave a Comment

Pictured above during a presentation on Main Street Oak Ridge last week are Crosland Southeast partner James Downs, right; Barry James, Crosland Southeast senior vice president, center; and Houston E. Daugherty, Cannon and Cannon vice president.

A vote that could help Main Street Oak Ridge, the redevelopment of the former Oak Ridge Mall, is on Thursday’s agenda. So is an open house on the new Manhattan Project National Historical Park.

They are among two of the biggest projects in Oak Ridge in years, and both are considered key parts of an economic renaissance that also includes new business development along Oak Ridge Turnpike and South Illinois Avenue, a new Kroger Marketplace shopping center, the proposed multi-billion-dollar Uranium Processing Facility at the Y-12 National Security Complex, and the announcement by metal powder manufacturing company CVMR this month that it will move its operations from Toronto to Oak Ridge, investing $313 million and adding 620 jobs.

A rezoning has been requested for Main Street Oak Ridge. It will be considered by the Oak Ridge Municipal Planning Commission during a meeting that starts at 5:30 p.m. Thursday, March 26, in the Oak Ridge Municipal Building Courtroom. The Planning Commission will also consider a planned unit development, or PUD, master plan for the project. [Read more…]

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

Posted at 12:54 am March 20, 2015
By Oak Ridge Today Staff Leave a Comment

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…]

Main Street Oak Ridge developers aim to close on property in June

Posted at 8:04 pm March 16, 2015
By John Huotari 1 Comment

James Downs, Crosland Southeast partner, gave an update on the Main Street Oak Ridge project, the redevelopment of the former Oak Ridge Mall, during a Monday evening work session.

Note: This story was last updated at 9:20 p.m.

The North Carolina company that wants to redevelop the former Oak Ridge Mall as Main Street Oak Ridge could close on the property in June, an executive said Monday.

The mixed-use project could include retailers, restaurants, and residential units, as well as a hotel. Belk and JCPenney, the two remaining anchor stores at the mostly empty mall, would remain, said James Downs, partner in Crosland Southeast, the North Carolina company that has proposed the long-awaited redevelopment of the roughly 60-acre site.

Downs said Main Street Oak Ridge will include a total of about 325,000 square feet of retail space, or about 200,000 square feet of retail space more than what Belk and JCPenney have now. There would then be a total of about 600,000 square feet in the area. [Read more…]

Hargett, president of CVMR-USA, to speak at Oak Ridge Chamber Luncheon

Posted at 7:35 pm March 16, 2015
By Oak Ridge Today Staff Leave a Comment

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

Michael Hargett, president of CVMR-USA, which announced Friday that it’s moving from Toronto to Oak Ridge, will be the keynote speaker at an Oak Ridge Chamber of Commerce luncheon on Thursday, March 19.

The One Voice—One Vision Luncheon will be at noon Thursday, March 19, at the Riverside Grille in Oak Ridge.

CVMR announced at a special event on Friday that the company will be locating its international headquarters in Oak Ridge. The company plans to invest $313 million and will bring 620 new jobs to the city. [Read more…]

Metal powder manufacturing company investing $313 million in Oak Ridge, adding 620 jobs

Posted at 2:44 pm March 13, 2015
By John Huotari 11 Comments

Note: This story was last updated at 12 a.m.

A company that manufactures high-purity metal powders and super alloys is moving its operations to Oak Ridge from Toronto, Canada, and investing $313 million here and creating 620 jobs, officials said Friday.

CVMR, which has operations in 18 countries, will use the former Theragenics building at Horizon Center in west Oak Ridge for its headquarters and research and development. The company closed on that building, which is on 21 acres, on Friday, but executives declined to disclose the sale price.

The first employee was hired Thursday, said Kamran Khozan, chairman and chief executive officer of CVMR (USA) Incorporated.

The company could expand that 65,000-square-foot building; infrastructure that is already in place allows it to be doubled. The company could put 218 people to work right away in its new headquarters and add 402 high-paying manufacturing jobs later, a state official said.

“I can promise you that this is the start of a wave,” said Randy Boyd, the new commissioner of Tennessee Economic and Community Development. [Read more…]