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Commonwealth Laminating & Coating Plans $5.45 Million Investment At Its Southern Virginia Manufacturing Facility

Area Development Online News Desk (08/16/2012)
A manufacturing company with an emphasis on solar-control window films and precision, high-performance coatings, Commonwealth Laminating & Coating, Inc., will invest $5.45 million to expand its operation in Henry County, Martinsville, Virginia production center, with estimates of initially creating 60 jobs.

Governor Bob McDonnell said, "It's always a great day when we're talking about good new jobs coming to Southern Virginia. This project represents CLC's second major expansion in less than one year, speaking volumes about the company's thriving operation in Henry County. CLC has the opportunity to purchase an existing shell building in the same industrial park as its headquarters and manufacturing operation to use immediately as a national distribution center for its high-demand products. This additional property also secures available space for future manufacturing growth, ensuring the company's continued success and commitment to Henry County and Virginia."

"The addition of 60 new jobs is particularly welcome news as the region rebounds from a recent closing," said Jim Cheng, Virginia Secretary of Commerce and Trade. "We are committed to keeping southern Virginia on its upward economic trajectory and will continue to support the effort to bring jobs and investment to the area. Commonwealth Laminating is a valuable corporate partner to Henry County, and we are grateful for its continued commitment to Virginia as the company and its products grow rapidly."

"The new Martinsville site will provide essential warehouse and office space, establish a worldwide master distribution center and create a world-class facility for anticipated future factory expansions," said Steve Phillips, CEO of CLC. "The support we have received from both Martinsville-Henry County and the State of Virginia continues to make Southern Virginia an excellent environment for a growing manufacturing company that competes on the world stage."

As an incentive, the Virginia Economic Development Partnership worked with the Martinsville-Henry County Economic Development Corporation to secure the project for Virginia. Governor McDonnell approved a $175,000 grant from the Governor's Opportunity Fund to assist Henry County with the project. The Virginia Tobacco Indemnification and Community Revitalization Commission approved $325,000 in Tobacco Region Opportunity Funds for the project. 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.
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