Arkay Packaging Corporation, one of the world’s premiere folding carton manufacturing companies, will invest $11 million to upgrade equipment and expand its operation in Botetourt County, Virginia. The company plans to create 50 new jobs.
The company provides global cosmetic and pharmaceutical companies with highly creative, cost-effective and eco-friendly packaging solutions using cutting-edge technologies and a palette of special effects. Headquartered in New York with a 140,000-square-foot manufacturing facility in Roanoke, the company is a third generation family-owned business established in 1922.
Mitchell Kaneff, Arkay Chairman/CEO said, “When we first researched relocating the company to Virginia in 1996, we found it to be very appealing with its lower taxes, competitive business incentives, reduced energy costs, excellent schools, and the fact that it was a right-to-work state. Roanoke, in particular, attracted us with its vibrant community and the advantage of a strategically perfect location: directly accessible to the entire east coast.”
Virginia Economic Development Partnership worked with Botetourt County to secure the project for Virginia. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.
Governor Terry McAuliffe said, “Arkay Packaging is a leading company that has continued to invest and expand in Virginia since it began operations in Botetourt County in 1996. Advanced manufacturing is an industry of the future, and growing this sector is vital to building a new Virginia economy. We thank Arkay for the vote of confidence in the Commonwealth, and we welcome 50 new jobs to the company’s strong employee base.”
“Arkay’s expansion in Botetourt is great news for the manufacturing industry in the region and across the Commonwealth,” said Secretary of Commerce and Trade Maurice Jones. “We are especially pleased when an existing business is growing and creating new jobs for Virginians.”