Virginia, MN (NNCNOW.com) - Since 2006, plans have been in the works for mining equipment and service company, Joy Global, to expand their Iron Range facility. Monday, they unveiled their new building during a ribbon cutting ceremony.
Thier new Iron Range Service Center is nearly 92,000 square feet.
"This investment brings hope to the community and to the health of the mining industry here in Minnesota," said Joy Global General Manager, Tim Hartnett.
The new Iron Range service center provides equipment and services to the nearby mines. It has been in the works for years, but the economic downturn slowed down the project.
"We've been experiencing a boom and bust economy on the Iron Range for many, many years and so to put up a facility like this is a big, big step," said Senator Dave Tomassoni.
The new facility employs 75 people, but has the potential to employ many more.
"This facility is really designed for the future," said Joy Global's Lloyd Younger, "We've got two options to expand. We can go one bay over to the road or we can obviously go way over into the yard."
The building has four cranes, two 30-ton and two 125-ton, more than the company's headquarters in Milwaukee.
"We've been in this region for about 75 years. We're here to stay," said Hartnett.
Joy Global is an international company, which also has new facilities in Australia and Chile.
Written for the web by Jennifer Austin.