WYSH AM 1380 Anderson County's Classic Hit Country!
The reports of CVMR completely abandoning any and all plans to locate some sort of operation in Oak Ridge may have been premature, according to some local officials, but state economic development officials say that the centerpiece of the $313 million project announced earlier this year by the Canadian company is no longer considered viable. Canadian powdered-metal maker CVMR—which stands for Chemical Vapor Metal Refining—announced in March that it would invest $313 million to move its global headquarters and primary operations to the old Theragenics building in Horizon Center Business Park in the Roane County section of Oak Ridge and create as many as 620 new jobs within a few years. Company officials reportedly notified the state in September that it would not move forward with its planned relocation. State economic development officials say that the company’s decision was not announced until earlier this week because they were still negotiating with CVMR in hopes of changing the company’s mind. The state did say Thursday that the centerpiece of the project—a research and development facility—will not move forward but local leaders and company officials say that the door is not totally closed on some aspect of CVMR’s operation moving to Oak Ridge or elsewhere in Tennessee. We will keep you posted on WYSH.
