VIRGINIA BEACH, VA-Chain saw and power equipment manufacturer STIHL Inc. will invest $78.4 million to expand its Virginia Beach manufacturing and warehousing facilities. The two-phased expansion will be completed by 2007 and create approximately 150 new jobs.
"We are pleased to be able to continue to add jobs here in support of the local and national economies in lieu of outsourcing," says Fred Whyte, president of STIHL Inc. "Although we export to over 80 countries, the United States is still the largest single market for our products. Consequently, expanding manufacturing here in Virginia Beach has repeatedly proven to be a sound business decision for STIHL."