MOBERLY - Danish manufacturer Vest-Fiber will open a new facility in Moberly early next year, bringing 50 new jobs and $2 million in investment to the area, the state's Department of Economic Development said Monday.
Vest-Fiber is the second international company to open a plant in Moberly. In October, Chinese company Mamtek broke ground on a plant that will produce artificial sweetener, a project the company says will bring more than 600 jobs to Moberly.
Vest-Fiber manufactures fiberglass products for the wind industry and will receive more than $128,000 in state tax incentives for setting up shop in Missouri.
According to a statement from the Department of Economic Development, the company picked Moberly for its '"strategic location" to other wind industry producers in the United States.
Moberly mayor Bob Riley says the arrival of more than 650 jobs to the area fits with the city's vision for growth.
"The object is to bring more jobs yet, to bring more people," Riley says. "We want our community to grow and get larger, keep that hometown feeling, but get more amenities than we have right now."
State figures show Randolph County's unemployment rate in October was 9.3 percent.