The company that bought the former Philip Morris plant site in Concord plans to announce more details on Oct. 28, including how many jobs it expects to create over time, a spokesman said Monday.
A company called Victory Industrial Park LLC purchased the 2,100-acre campus in April for $68.5 million. The company has shared few specifics about its plans, but ads on Careerbuilder.com say the company specializes “in battery technology and manufacturing for long life commercial applications and electric vehicle transportation.”
Spokesman Julian Tanner said on Monday the initial focus will be grid storage and battery technology, with an eye on improving the efficiency of the power grid. The company expects to create jobs in numbers similar to the amount the Philip Morris plant previously employed, and hopefully more in the long term, he said.
The plant had 2,500 jobs when Altria, Philip Morris’ Richmond, Va.-based parent company, announced the closure in 2007.
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A Norwegian businessman named Jostein Eikeland is involved in the new project. Eikeland, on his website, bills himself as “a visionary serial entrepreneur” with experience in multiple business sectors, including technology, automotive, energy storage and environmental.