The West Virginia Economic Development Authority gave final approval to a $1.6 million loan during its April meeting to Allevard Sogefi USA, Inc. Allevard will install new equipment and expand the current manufacturing facility in the PrichardIndustrial Park, WayneCounty. The expansion and new equipment are for the company's new automotive filters production line.
Current employees from Allevard Sogefi's stabilizer bar production line will be transferred to the new filters line this spring.
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