Intertape Polymer Group, a packaging products and systems company that supplies to retailers and manufacturers, will invest $7 million to add significant manufacturing and distribution capacity at its facility in Pittsylvania County, Virginia.
The Pittsylvania County facility occupies over 45 acres and employs nearly 300 workers. This announcement brings IPG’s recent investment in upgrades and expansions in this facility to $25 million.
Headquartered in Montreal, Quebec and Sarasota, Florida, Intertape Polymer Group Inc. is a recognized leader in the development, manufacture, and sale of a variety of paper and film-based pressure-sensitive and water-activated tapes, polyethylene, and specialized polyolefin films, woven coated fabrics, and complementary packaging systems for industrial and retail use.
“IPG remains focused on strategic expansions, improvements, and acquisitions to propel the company to our 5 to 7-year goal of almost doubling the size of our company to $1.5 billion in revenue,” said Greg Yull, CEO of IPG.
“In 2017, we’ve committed over $25 million in capital investment in Ringgold, Virginia for the expansion of both our manufacturing operation and our distribution footprint. As a corporation that has committed to growing and thriving in Pittsylvania County for nearly 30 years, I share the Governor's enthusiasm for the positive labor impact and I look forward to the growth that this expansion will enable,” he said.
Virginia Economic Development Partnership worked with Pittsylvania County and the Southern Virginia Regional Alliance to secure the project for Virginia. Governor McAuliffe approved a $50,000 grant from the Commonwealth’s Opportunity Fund to assist the County with the project. The Virginia Tobacco Region Revitalization Commission approved $75,000 in Tobacco Region Opportunity Funds, and the company is eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development.
“Intertape Polymer Group has been a strong corporate steward in Pittsylvania County for nearly 30 years, and we are honored the company continues to reinvest and grow in Virginia,” said Governor Terry McAuliffe.
“Boasting a skilled manufacturing workforce, extensive transportation network, and competitive operating costs, the Commonwealth provides an ideal environment for companies like IPG to thrive. The company’s competitiveness and operational excellence have been nationally recognized, and we thank this industry leader for contributing to our efforts to diversify and build the new Virginia economy,” he said.
“This expansion is only the latest of several recent significant capital investments at the company’s Ringgold Plant,” stated Pittsylvania County Board of Supervisors Chairman Robert “Bob” Warren. “We are very appreciative of Intertape Polymer Group’s continued commitment to conducting business in Pittsylvania County over the past three decades while also providing quality jobs to our capable workforce.”
Delegate Danny Marshall, a Commissioner of the Virginia Tobacco Region Revitalization Commission, stated, The Tobacco Commission is happy to present a check for $75,000 in support of this expansion of three production lines in the Pittsylvania County plant. We are glad that the company chose to invest an additional $7 million in the local site and to provide new jobs here. We look forward to IPG’s continued success."