Grant & Loan Awards: Cook County


EDGE

Cook County

EDGE Fund: $500,000

Awarded: 05/17/2007

Applicant: Adel Industrial Development Authority


Description:
EDGE funds to assist with pavement repair, lighting installation, land acquisition and building improvements in support of the location of Xella International (XI) to Adel, Georgia. Xella International, founded in 1966, is a leading supplier of construction materials and raw materials to the European market. XI is expanding its global reach in the U.S. and North America with the purchase of a former HEBEL manufacturing plant. This North American operating division is registered as Xella Aircrete North America, Inc. The Adel facility will manufacture concrete. The parent company, Franz Haniel & Cie. GmbH (HFC), is one of the oldest family-owned conglomerates in the world. HFC companies operate in 40 countries and on five continents and employ over 58,000 people.


Total Budgeted Project Cost: $16,000,000


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