Miura America Co., designer and manufacturer of industrial steam boilers, announced it has secured a $21 million investment to improve operations and meet increasing demand.
The company will close on a partial investment of $1 million this year and close on the remaining $20 million over the next five years. The investment comes from its parent company, which is based in Matsuyama, Japan.
“With renewed market confidence following the election, we are seeing a wide range of projects, new and old, coming back online,” Doug MacMaster, vice president of U.S. operations, Miura, said. “We already are the largest boiler manufacturer in the world, but in order to be No. 1 in the world, we have to be No. 1 in the United States.”
Celebrating its 30th anniversary in the United States, Miura recently completed a showroom and water laboratory at its base of U.S. operations in Rockmart, Ga. The next phase of this expansion will include improvements and additions to its manufacturing facilities, as well as a heightened focus on recruitment to bolster its representative network in the United States.
“Our goal is to increase our network by 100 percent over the next three years,” MacMaster said.
To meet this goal, Miura is offering incentives to recruit and drive business to its representatives, including marketing co-op programs, rewards trips, dedicated protected territories, special pricing and discounts, and financing options.
Miura boilers are known for their low nitrogen-oxide and carbon-dioxide emissions, as well as their “once-through” vertical water-tube design, which produces steam in less than five minutes from a cold start, using less fuel and water than traditional boiler units. Additionally, Miura boilers feature a modular, zero-side-clearance design.