Phoenix Packaging Operations, LLC, a subsidiary of Grupo Phoenix that manufactures thermoformed rigid plastic packaging, will invest $20 million to expand its operation in Dublin, Virginia, for a second time in less than two years, creating 100 new jobs.
Gov. Bob McDonnell said "in May 2010 I announced Phoenix Packaging's plans to establish its first U.S. operation in Pulaski County. Now, with this significant project, the company is expanding yet again, and creating 100 more new jobs. Phoenix Packaging is a tremendous corporate partner and asset to the New River Valley and Virginia, and continues to strengthen our manufacturing sector and add valuable jobs for our citizens."
"Thanks to the continued support of Pulaski County and Governor McDonnell we decided to increase our production capabilities and bring additional jobs that we originally destined for overseas to Virginia," said Alberto Peisach, President and CEO, Phoenix Packaging Operations. "With this expansion we continue to support the development and growth of a state and a county that, over the last two years since we established our presence, trusted Grupo Phoenix with carrying the vision of economic expansion and job creation. This has assisted us in continuing our growth, and has reminded us that believing in this great nation and working hard will bring success to our company and the communities where we work."
"The Commonwealth is proud to host the U.S. operations and North American headquarters for an international company that produces the packaging for many major companies and household names," said Jim Cheng, Virginia Secretary of Commerce and Trade. "This project brings Phoenix Packaging's job creation to nearly 500 new jobs for Pulaski County and the region, and is testament to the continually improving business climate in Virginia."
As an incentive, the Virginia Economic Development Partnership worked with Pulaski County and the New River Valley Economic Development Alliance to persuade the firm to once again expand in Virginia. Governor McDonnell approved a $250,000 grant from the Governor's Opportunity Fund to assist Pulaski County with the project. The company is also eligible to participate in the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development. Through its Virginia Jobs Investment Program, the Virginia Department of Business Assistance will provide funding and services to support the company's recruitment and training activities.