WBIR Staff, WBIR 5:43 p.m. EDT March 13, 2015

CVMR, a mining and metal refining company, will invest $313 million to move to a manufacturing facility at 103 Palladium Way. The company provides feed materials for 2D, 3D, and 4D printing. WBIR

A Canadian company is moving its global headquarters from Toronto to Oak Ridge, creating 620 jobs.

Gov. Bill Haslam and Community Development Commissioner Randy Boyd made the big announcement in Oak Ridge Friday afternoon.

CVMR, a mining and metal refining company, will invest $313 million to move to a manufacturing facility at 103 Palladium Way. The company provides feed materials for 2D, 3D, and 4D printing.

“Today is exciting not just for Oak Ridge and Roane County but for all of Tennessee, and I want to thank CVMR for its significant investment in our state, making us the home of its corporate headquarters, research and development and manufacturing,” Haslam said. “This announcement sends a clear signal around the world about our skilled workforce, Tennessee’s commitment to innovation and its ability to compete in the global marketplace.”

CVMR plans to begin operations by the end of May 2015 and quadruple its production capacity at the site over the next three years. The company also plans to construct a second facility in June 2015. The company will immediately begin hiring people with experience as materials specialists, chemical technicians, product development, and those with advanced degrees in these fields.

WBIR has a crew at the announcement and will report all the details on wbir.com and 10News.

Source from WBIR.com