Aetna Insulated Wire Expands Manufacturing Operations In Virginia Beach, Creates 25 New Jobs

October 21, 2014

Aetna Insulated Wire, a major producer of specialty cable and building wire for commercial and industrial applications, has expanded its manufacturing operations in Virginia Beach. The company occupies 380,000 square feet at 1537 Air Rail Blvd. and employs approximately 115 people.

The addition of one product line and the expansion of another manufacturing segment spurred the creation of 25 new jobs at Aetna, a Marmon Engineered Wire & Cable/Berkshire Hathaway company.

The manufacturing plant incorporates the latest technology in wire drawing, stranding, insulating, cabling, armoring and jacketing. Aetna has one of the largest armoring facilities in the country, allowing it to fulfill specialized armoring requirements in a matter of weeks. The manufacturing facility is fully equipped to manufacture not only standard cable configurations, but special orders as well.

“We are extremely pleased Aetna Insulated Wire has expanded in Virginia Beach and is providing more jobs for our people,” said Warren D. Harris, director of Virginia Beach Economic Development. “This expansion continues our growth in the manufacturing sector, which has gained national recognition.”

Aetna has been part of the Virginia Beach community since 1976. Factors that contributed to Aetna expanding in Virginia Beach included the availability of the high quality retired military and veteran workforce and the growth capacity in the company’s local facility.

The Virginia Beach Economic Development Authority has awarded an Economic Development Investment Program grant in the amount of $40,000 based on the $6.3 million investment in new machinery and tooling and the number of jobs created in the City.

The mission of the Virginia Beach Department of Economic Development is to attract and retain national and international businesses to stimulate capital investment and create jobs. Virginia Beach is the most populous city in Virginia with a population of 440,000, and it is the 37th largest in the United States. It is recognized as one of the Best Run Cities in America by 24/7 Wall St. The Department of Economic Development received re-accreditation through the International Economic Development Council in 2012 and is one of only 29 economic development organizations in the world to have this recognition. It is listed among the Top Five Overall Mid-sized American Cities of the Future, Top 10 for Economic Potential and Top Five for Infrastructure by fDi Magazine. CNNMoney.com ranked Virginia Beach as the Easiest Place to Start a Business and the 2nd Most Business-Friendly City in the country. For more information, visit www.yesvirginiabeach.com.

Virginia Beach has also been recognized as one of America’s manufacturing boom towns by Forbes

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