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Martinsville, Virginia 24115
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Deal is off for business
Company not moving to DuPont site

Friday, June 14, 2013

By DEBBIE HALL - Bulletin Staff Writer

A company that was interested in locating on DuPont property in Henry County now is looking elsewhere, officials said.

“There was an issue that we became aware of late in the process,” County Administrator Tim Hall said.

“The issue was between INVISTA,” a private company located on about three acres of the DuPont property in Henry County, and DuPont, he said. The issue “has nothing to do with the county.”

“Apparently, that issue has led the prospect to look elsewhere, but the prospect has not announced anything in regards to where that location might be,” Hall said.

(Continued from Page 1-A)

The county still is under a no-disclosure agreement with the company, he said, and declined to give its name or elaborate further.

Herman Cook, Martinsville site manager for DuPont, said he was “not at liberty to discuss” the issue and referred questions to Terry Gooding, public affairs manager for DuPont.

“All I can tell you is we’ve been working pretty hard with the firm interested in the property, and we were close to coming to an agreement” for the company to buy the property, Gooding said. “Then, we weren’t able to reach an agreement. When it’s all said and done, we weren’t able to reach an agreement with them.”

Having been the public affairs manager for only three weeks, Gooding said he was not aware of an issue between DuPont and INVISTA.

Greg Standifer, communications manager for INVISTA’s corporate team, said INVISTA was in “ongoing discussions (on the site) when we found out they decided to go somewhere else. ... It is our understanding it (an agreement) didn’t happen because they got another deal.”

INVISTA was disappointed that no deal was reached, Standifer said.

“We understand the importance of bringing new jobs into your community, and we look forward to potential discussions with future companies that might be interested in that land,” he added.

Tim Coble, plant manager at INVISTA Precision Concepts in Martinsville, did not return a call for comment.

INVISTA produces polymers, fibers and other products, according to its website. Its products may be found in clothing, carpets, cars, computers and other items, the site states.

A subsidiary of privately owned Koch Industries, Inc., INVISTA operates in more than 20 countries across North America, South America, Europe and the Asia-Pacific region, the site states.

DuPont closed the Martinsville nylon plant in 1998.

Gooding said DuPont will continue its efforts to market the local site in hopes of finding “someone interested in it” and also determine “appropriate uses the site could be used for.”

But as far as a timeline to locate a company there, “that’s hard to say, but we will continue to be aggressive and market it,” he said.

Currently, there are no prospects such as the one that was lost recently, Gooding said.

“As far as the Martinsville property goes, that’s pretty much where it stands right now,” he added.

Henry County leases about 28 acres of the DuPont property, and Virginia leases about three acres.

According to previous reports, the prospective business would have involved about 400 acres of the 488-acre DuPont property, including the 189 acres that were leased to Lynwood.

Members of the Lynwood Golf and Country Club Inc. voted in December 2011 to cease operations at the DuPont site to make way for a new business after being asked to do so by the county, the EDC and DuPont.


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