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VulcanForms Plans $1.3B Plant in Devens to Scale Up Manufacturing Capacity
Advanced metals manufacturer VulcanForms will build its third Massachusetts plant in Devens at a reported cost of $1.3 billion. The one-million-square-foot facility is expected to create 1,063 jobs, more than doubling Devens-based VulcanForms’ current employee base in Massachusetts.
A $21.25-million package of tax credits was awarded to VulcanForms for the project by the Massachusetts Economic Assistance Coordinating Council (EEAC). The new facility will span products used in the medical, aerospace and defense, industrial, and consumer goods industries, according to the EEAC.
This past January, VulcanForms announced that it had raised $220 million in Series D funding to scale its integrated digital metal manufacturing platform. The oversubscribed funding round was led by Eclipse and 1789 Capital. “This financing enables us to meet surging demand and expand our role as a critical partner to companies rebuilding resilient domestic supply chains,” CEO Kevin Kassekert said at the time.
- ◦Development
- ◦Financing
