Magellan Systems

Magellan Systems International, LLC, a producer of specialty fibers, will locate a research and development facility in Chesterfield County at 8310 Shell Road. The company will lease 30,000 square feet of space in the Jeff Davis Enterprise Zone Center. The company anticipates setting up a pilot plant facility at the same location by the end of 2003. It is estimated that 35 new employees will be hired by year end. Projected investment in the project will approach $42 million.

Magellan Systems International, LLC was organized in 1997 to seek, capture and provide paradigm-breaking technologies to the defense and industrial market sectors. Magellan has purchased the patents, intellectural property rights and equipment for the exclusive development of a new generation of high strength fiber technology called “M5 Fiber” which they will be developing at the Chesterfield County location.

The company was assisted by Chesterfield County Economic Development, the Greater Richmond Partnership, and Grubb & Ellis/Harrison & Bates.

Richmond.com has published an article with more information about Magellan Systems.