Phoenix Packaging Operations is investing $17.5 million to expand its operations in Pulaski County, Virginia, and creating 100 jobs. The company is a subsidiary of Grupo Phoenix and produces thermoformed rigid plastic packaging for U.S. customers.
"For Governor Bob McDonnell, every job counts. He is seriously committed to helping new companies set up manufacturing facilities and bring high-paying jobs to the commonwealth of Virginia," said Alberto Peisach, president and CEO of Grupo Phoenix. "Once we had his support, the local and state agencies fell in line, and, honestly speaking, Virginia was the place for Phoenix Packaging Operations. From the standpoint of geographical location, logistics, qualified work force, energy costs, and rail service, Pulaski was the right county. We are very pleased to be part of the community."
McDonnell has approved a $350,000 Governor's Opportunity Fund grant to assist Pulaski County with the project. The company is eligible to participate in the Virginia Enterprise Zone Program. And the Virginia Department of Business Assistance (VDBA) will support the company's recruitment and training activities through its Virginia Jobs Investment Program.
Grupo Phoenix is a leading manufacturer of plastic packaging in Latin America. It is based in Bogota, Colombia.