An international firm has finalized plans to establish its U.S. manufacturing and distribution center in south Forsyth.
The Cumming-Forsyth County Chamber of Commerce announced Monday that IUS Technologies, a subsidiary of South Korean-based Vitzro Group, soon will move into a 20,000-square-foot facility at 1355 McFarland 400 Drive.
The facility is expected to generate up to 150 new jobs and some $10 million in capital investment over the next five years.
The company will manufacture its IUS “Born Smart” devices at the McFarland site, according to the chamber. The devices aim to optimize electric utility smart grids by reducing consumption and waste, lowering greenhouse emissions and increasing grid capacity.
According to the chamber, IUS Technologies plans to introduce new remote sensor products for the U.S. market in January, and will work to grow its manufacturing and engineering work force to fulfill customer orders.
Elizabeth Shin, operations manager of IUS Technologies, said the company will continue to work closely with the local chamber of commerce and the state Department of Economic Development to streamline its start-up processes.
“We looked at a number of properties when launching our business and specifically chose our site in Forsyth County because of the outstanding support we received from the Cumming-Forsyth County Chamber of Commerce,” she said in a statement.
“As we move forward to scale up our manufacturing operations, the work force training programs we will receive through the Georgia Department of Economic Development will allow IUS Technologies to get off to strong start.”
IUS Technologies plans to use the department’s Georgia Quick Start program, a free work force training program customized for companies in numerous industries.
The program is provided through the Technical System of Georgia at no cost to eligible companies.
IUS is one of more than 60 international businesses that the local chamber has helped recruit to the county in the past several years.
David Seago, chairman of the chamber, said in a statement that IUS Technologies is also one of several “green technology” businesses that call the county home.
“Our community has emerged as a hub for green technology firms,” he said. “We are one of the first communities in the nation to develop a green incentive program to reduce the tax burden of green corporations.
“IUS Technologies exemplifies the kind of firm that our community continues to attract. Their smart grid technology platforms clearly demonstrate the level of innovation that their company is capable of bringing to the U.S. energy industry.”