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CVMR introduces scaled-back project plan

Officials with CVMR, the Canadian metals company that last year announced a major investment in Oak Ridge, announced Thursday that a large part of that previously announced project will move forward. CVMR and Central America Nickel, Inc.–or CAN—have closed on a deal that calls for about 3 million tons of nickel ore per year to be mined in Guatemala and shipped to a facility to be built somewhere in the Roane County portion of Oak Ridge for refinement and processing. The project could mean 200 to 300 new jobs at the outset with the possibility of more in the future. Officials say they are still looking at possible locations to construct the new facility.
In March of last year, CVMR announced an ambitious plan that called for one of the largest projects not associated with the federal government in the city’s history, investing some $313 million and creating as many as 620 jobs with more possible in the future. That plan would have moved the company’s global headquarters from Toronto to Oak Ridge and would have included a refining facility and a research and development center. Late last year, the state announced that the so-called Center of Excellence would not be built but company officials sought to reassure local officials that they still had plans to do something here in the area. That R&D facility would have been located at the Horizon Center Business Park in west Oak Ridge but that location is not suitable for the current project. Other sites are still being considered and company officials said Thursday that they hope to announce more specific plans and a timetable in the not-too-distant future.
CVMR describes itself as the leader in the metal refining and manufacturing of metal powders, super alloys, metal 3D printing feed materials, net shapes, and metal parts of high value. The refined products could be used in the aerospace and defense industries, and in the manufacturing of car parts, 3D printing and injection molds, and medical instruments and electronic parts.

About Jim Harris

Jim Harris has been WYSH's News & Sports Director since 2000. In addition to reporting local news, he is the play-by-play voice for Clinton High School football, boys' and girls' basketball and baseball. Catch Jim live weekdays beginning at 6:20 am for live local news, sports, weather and traffic plus the Community Bulletin Board, shenanigans with Ron Meredith and more on the Country Club Morning Show on WYSH & WQLA. Jim lives in Clinton with his wife Kelly and daughter Carolina, his mother-in-law and cats Lucius and Oliver.

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