Subsidiary to invest $52.2 million into a new manufacturing plant in Cedar City
According to Plastics News, Ridge, Ill.-based PPI America Inc., a subsidiary of South Korea’s PPI Pipe Co. Ltd., will invest $52.2 million in a new manufacturing plant in Cedar City, Utah, and add 50 new jobs over the next five years.
Founded in 1976, the parent company produces PVC pipe and fittings for water and plumbing systems.
PPI America was established in 2013 and began importing the company’s iPVC-brand water pipe into the United States, where it has been installed in various regions across the country. Now, the company will manufacture the iPVC products in Utah.
PPI America is expanding its efforts to supply clean, safe water to more U.S. communities through its iPVC products, according to a news release about the investment.
“During our evaluation of expanding our presence in the U.S., when looking at Utah and Cedar City specifically, we were extremely impressed with the rapid development of Iron County and its logistical advantages,” PPI America President Agnes HyeJung Lee said in the release.
Company officials declined further comment by email about the new operation.
Earlier this year, PPI’s iPVC pipe and fittings became the first in the U.S. to receive NSF (National Sanitation Foundation) certification as being free of PFAS compounds, which the company says ensures it provides safe drinking water. The company passed NSF’s in-house testing for seven different PFAS compounds, including six that are EPA-regulated.
In Utah, the Governor’s Office of Economic Opportunity (GOEO) awarded PPI America a tax reduction as part of the state’s Rural Economic Development Tax Increment Financing (REDTIF) program.
“Clean, reliable water is vital to Utah’s future,” GOEO Executive Director Jefferson Moss said. “PPI America Inc. delivers safe drinking water while driving innovation, strengthening communities, and helping Utah attract new businesses.”
Meeja McAllister with NAI Excel represented the buyer in the purchase of the industrial facility, including 269,000 building square feet on 57 acres. “I was glad to connect PPI America with the Cedar City Economic Development office early in the process,” McAllister said. “It’s exciting to see this level of investment and growth in our community. I believe the positive impact of this company will be felt for years to come.”
Meeja McAllister
Meeja is a commercial real estate specialist with NAI Excel where she specializes in industrial, office and retail properties. Meeja began her real estate career in 2003 after moving to St. George. Since then, she has been involved in thousands of real estate transactions.
Meeja’s experience with commercial real estate development and construction began 11 years prior in 1992 where she worked as an inside sales representative for the Western region’s largest manufacturer representative of HVAC and air-distributing equipment. In that capacity, she attended and graduated from numerous manufacturer technical schools and was responsible for compiling large bids for general contractors to bid on multi-million dollar developments including the Conference Center in Salt Lake City. This sales and technical experience gave her a wealth of experience in working with clients and complicated transactions.
Meeja’s attention to detail, professionalism, and customer service experience has added to what makes our NAI Team. Meeja’s business philosophy includes hard work, attention to detail, honest, integrity, and working smart for our clients to assist them in their commercial real estate needs. Listing to clients’ needs and following through on commitments, are the key to character and integrity.
About NAI Excel
NAI Excel is a leading provider of commercial Real Estate Services in the US. Operating in Utah, Nevada, Texas, and Idaho, they are part of the NAI Global network covering nearly every major market nationally and across the globe. NAI Excel is a subsidiary of Brokers Holdings, LLC. Headquartered in St George, UT since 1982, Brokers Holdings owns and operates both residential and commercial brokerages. With over 800 agents and staff, Brokers Holdings closes over 5,500 transactions worth more than $2 billion in value each year and manages over $1 billion in assets.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.