Restoration Lands Inc. has acquired the Former Consumers Glass Property in Lavington.
The company, which was created by Vernon residents Michael and Sharon Molnar, paid less than the asking price of $5-million for the plant.
Read More: Price slashed on Lavington glass plant
The plan is to manufacture magnesium oxide board in the factory, and lease or rent out the remaining land to other businesses, creating an industrial park.
The Molnar’s say they are looking to create jobs in the community.
“We lost three hundred jobs when the plant was closed down in 2008 and by the time they shipped their last bottle and decommissioned the plant in 2009, it left quite a hole in the community,” said Michael Molnar.
The magnesium oxide board manufacturing will be done by a separate company, New MGO, also belonging to the Molnar’s.
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Magnesium oxide board is an eco-friendly construction material that can be used in place of dry-wall.
“It’s fire proof. It’s water proof. It’s mold proof,” Michael Molnar said.
The Lavington plant will be the first outside of Asia to manufacture magnesium oxide board.
Read More: Shuttered Lavington glass plant finds new owner
“One of the biggest blessings that we have in this particular facility is we have a double railspur right on here, so what that does is, with CN Rail it gives us access to literally the globe,” Michael Molnar said. “We can ship down to the ports and CN Rail goes all over the place, all the way into South America as well.”
Manufacturing is expected to begin sometime next year, with between 160 and 200 jobs created in the short term.
The Molnar’s said they are looking for other environmentally sensitive companies and manufacturers to lease or rent to within their new industrial park.
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