The Mangat Group, a Glendale-based land development group, recently announced the closing of a land deal with the battery maker that plans to build a manufacturing plant in Buckeye.
KORE Power plans to create lithium-ion batteries in KOREPlex — a 2-million-square-foot manufacturing facility on 214 acres.
The property is located on State Route 85 and Baseline Road.
Tony Mangat, founder of The Mangat Group, first purchased the property in December 2020 with the hopes of finding a buyer who would use it to support the community.
Despite receiving higher offers, according to a news release, Mangat’s discussions with KORE Power led to confidence that the project will drive positive economic development.
"This new battery facility is for the greatest good for the community," Mangat said. "KORE Power will provide multiple job opportunities for local residents, especially as the city continues to grow. A large employer like KORE Power allows residents to cut their commute, creating a more sustainable, affordable and convenient lifestyle, and further advancing sustainability efforts."
According to KORE, the company plans to have about 3,000 employees at full annual production. The project is expected to generate approximately 10,000 indirect jobs for the city of Buckeye.
"The KOREPlex project will cement Buckeye's position as a leader in cleantech as our highly trained employees deliver the battery cells that will form the backbone of the green economy across the United States and the globe," said Lindsay Gorrill, founder and CEO of KORE Power. "KORE's battery manufacturing facility is just one piece of Buckeye’s sustainability goals and industrial growth. The facility is part of a much bigger initiative known as the Sustainable Valley, an area to be used to attract other green energy companies."
Buckeye Mayor Eric Orsborn said, in the release, that he's thankful to Mangat and for KORE for bringing jobs to the city.
"Buckeye is proud to be emerging as a leader in green energy, with KORE Power leading the way," Orsborn said. "The opportunities for additional, clean energy companies relocating along the SR 85 Corridor, around the Buckeye Municipal Airport and in our downtown core are endless. Buckeye provides many benefits to sustainable industries, including a strategic location with available sites, efficient and cost-effective transportation options, and a high quality of life. The commitment to the project ensures the Sustainable Valley becomes a reality."
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