Flanders Precisionaire Corporation
|Company:||Flanders Precisionaire Inc.|
|Amount of Bond:||$6,000,000|
|Interest Rate:||4.8% floating|
|Type of Project:||Manufacturing|
|Bond Issued:||December 1997|
In December of 1997, WKRDA issued a bond in the amount of $6,000,000 for Flanders Precisionaire, a manufacturer of filters in Momence, Illinois. The project created 200 new jobs. Flanders Corporation, the parent company, designs, manufactures and markets a full range of air filtration products ranging from high performance laminar flow High Efficiency Particulate Air (“HEPA”) filters; and charcoal filters for semiconductor manufacturing facilities, to residential furnace filters. The Company’s air filtration products are utilized by many industries. including those associated with commercial and residential heating, ventilation and air conditioning systems (commonly known as “HVAC” systems), semiconductor manufacturing. ultra-pure materials, biotechnology, pharmaceuticals, synthetics, nuclear power and nuclear materials processing. The Company’s customers include Abbot Pharmaceuticals, E.I. Dupont, Home Depot, Inc., Lucent Technologies Inc., Merck & Co., lnc., Motorola, Inc., Upjohn Co., Walmart Stores, Inc., Westinghouse Electric Corp., and several large computer chip manufacturers. They employ 1,389 employees and have seven manufacturing facilities in Florida, Texas, Pennsylvania, California and three in North Carolina.