NOVEMBER 17, 2023
FOR IMMEDIATE RELEASE
HALIFAX IDA LEASES SECOND FACILITY TO IPERIONX
The Board of Industrial Development Authority of Halifax County (IDA), approved the execution of a lease for the 1092 Confroy Drive building, a 15,000 square foot building to IperionX for their second Halifax County location. IperionX first announced its selection of Halifax County of its Titanium Demonstration Facility (TDF) in September 2022 with an anticipated investment of $82 million and 108 new jobs in phase I.
“The IDA is pleased to see IperionX continue to invest and plan for their long-term growth and success in Halifax County,” said Rick Harrell Chair of the IDA Board of Directors.
IperionX hosted its Board of Directors meeting in South Boston this week. With the group touring both IperionX leased facilities and the Institute for Advanced Learning and Research’s Accelerated Training in Defense Manufacturing program.
IperionX plans to create an advanced manufacturing center at the second facility with office, research & development and advanced manufacturing space. Improvements to the new facility have already begun and IperionX plans to occupy the space immediately.
“IperionX is delighted to increase the footprint of our business operations in Halifax County, with continued support from the Halifax County IDA and the local community. The facility at 1092 Confroy Drive will provide the base for an Advanced Manufacturing Center for IperionX to advance research & development and prototyping of products using our breakthrough low cost, sustainable titanium produced from 100% recycled material,” said Anastasios (Taso) Arima, IperionX CEO.
The new facility will complement the TDF that will be located at the former shell building in the Southern Virginia Technology Park. Construction on the shell building upfit provided for under the Halifax IDA construction allowance is expected to start on the TDF in late November, with the IDA voting to award the construction contract to J.E. Burton Construction of South Boston Virginia.
Finding Success in Halifax County
The SOVA Innovation Hub, future home of Mid-Atlantic Broadband and Microsoft TechSpark Virginia, is envisioned to become an even greater asset for South Boston’s future than what has already been announced.
As it now stands, the tech companies’ investment in downtown is one for the books.
“We’re thrilled about it,” said Betty Adams, executive director of the Southern Virginia Higher Education Center, located on the other end of downtown from where the $5 million Innovation Hub will be built. “It’s been under discussion for quite a while.”
The two-story, 15,000 square foot building will become the new home of Mid-Atlantic Broadband Communications Corporation, operator of the regional fiber optic backbone created decades ago by the Virginia Tobacco Commission, and Microsoft’s TechSpark Virginia initiative. The latter is a spinoff of Microsoft’s cloud computing campus in Boydton, and its presence downtown gives Halifax County a premium corporate nameplate to show off to the world.
Contact Us
1100 Confroy Drive, Suite 1
South Boston, Virginia 24592
Phone: 434-572-1734
Fax: 434-572-1762
Email: info@halifaxvirginia.com
