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Tech Valley News
M+W Group Relcoates HQ to Tech Valley
M+W Group President and CEO Rick Whitney announced at the College of Nanoscale Science and Engineering at the University at Albany that the company will relocate its North American headquarters to the Watervliet Arsenal.
Last year, M+W Group was selected as the general contractor to oversee the construction of Global Foundries "Fab 2" microchip production plant in Malta. The relocation of the nanofabrication facility design and development firm's headquarters from Texas is made possible with $6.5 million from New York State Assembly capital funds geared toward developing Tech Valley's growing nanotech industry. The historic building at Watervliet Arsenal has housed M+W Group's regional headquarters since 2004.
"That an international leader in the nanoscale technology field would locate its North American base of operations here at the Watervliet Arsenal demonstrates the emergence of Tech Valley as a center of cutting edge research and development in this industry," said Assembly Speaker Sheldon Silver (D-Manhattan). "Since it moved its regional office at the Arsenal six years ago, M+W has been a critical player in the development of CNSE and is now supervising one of the largest high-tech projects currently underway in the nation."
"The expansion of M+W Group's operations at the Watervliet Arsenal and the company's continued investments in our Upstate economy are propelling Tech Valley to the forefront of the global nanotechnology industry," said Assembly Majority Leader Ron Canestrari (D-Cohoes).
M+W Group has constructed fabs facilities throughout the world, including one operating at CNSE, the IBM MegaFabs plant in Fishkill and a plant Dresden, Germany. An anchor tenant at the Arsenal, the firm is slated to create as many as 250 high-tech architectural, engineering and manufacturing positions. M+W will train high-tech workers in the day-to-day operations of a chip fab facility and devote resources to developing women and minority owned businesses. The Watervliet relocation is integral to the expansion of a high-tech corridor connecting public universities and private research and development firms in Tech Valley.
CNSE Senior Vice President and Chief Executive Officer Dr. Alain E. Kaloyeros said: "The location of M+W Group's U.S. headquarters in Tech Valley will create and retain hundreds of high-paying, high-tech jobs, while also generating new opportunities to attract additional technology companies and investment to the region. The impact will truly be felt by all New Yorkers through unparalleled world-class education and workforce training and exciting career paths."
Rick Whitney, President and CEO of M+W Americas Inc., said, "M+W Group is delighted to establish its United States Headquarters in Tech Valley, which we firmly regard as the global epicenter and worldwide capital for nanotechnology education, innovation and commercialization. As a leading global high-technology company that works everywhere in which major nanoelectronics manufacturing is located, we have found it is critical to have our home base where the action is - and the action is clearly in New York State."
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