German Manufacturer to Open Plant in St. Cloud
ST. CLOUD (AP) - A German agricultural equipment manufacturer has picked St. Cloud to launch its first U.S. operations.
Geringhoff, of Ahlen, Germany, expects its $20 million plant will employ about 100 people. The 132-year company evaluated 40 U.S. factories before deciding on a former door and lumber plant in St. Cloud's Airport Industrial Park.
The state will provide Geringhoff with a $500,000 loan. Geringhoff CEO Daniel Hansmeier says St. Cloud will be a foundation to create an even larger presence across North America.
Gov. Mark Dayton, other state officials and Geringhoff executives will meet in St. Cloud Tuesday.
(Copyright 2012 by The Associated Press. All Rights Reserved)