• Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues


FyberX Holdings Plans Mecklenburg County, Virginia, Headquarters-Manufacturing Complex

FyberX Holdings, a developer of technology to process raw agricultural biomass into refined natural fibers, will establish its U.S. headquarters and production operation in Mecklenburg County, Virginia. The $17.5 million project is expected to create 45 jobs.

The new facility, located in the former Kinderton Distribution Center building, will process hemp and other agricultural products, producing fibers to supply the textile industry, and will create 45 new jobs.

“Southern Virginia is strategically positioned to play a vital role in unlocking the economic potential of industrial hemp fiber in a variety of markets including textiles, construction, packaging, automotive, and bioplastics,” said Ben Young, CEO of FyberX. “We are excited to work with the local community to implement socially responsible best practices, including a zero-waste production model that minimizes emissions, a transparent supply chain, fair wages, and safe and state of the art processing facilities, all of which will define a new global standard for natural fiber production facilities.”

As an incentive the Virginia Economic Development Partnership (VEDP) and Virginia Department of Agriculture and Consumer Services worked with Mecklenburg County to secure the project for Virginia.

“Virginia provides the right combination of competitive assets to attract and foster the growth of forward-thinking companies like FyberX,” noted Secretary of Commerce and Trade Caren Merrick. “This project is a win-win that will create 45 new jobs and revitalize a formerly vacant facility, boosting the economic vitality of Mecklenburg County and the region. Today is another step forward in our goal to bring opportunity to all corners of the Commonwealth.”

The Governor’s office approved a $150,000 grant from the Commonwealth’s Opportunity Fund to assist Mecklenburg County with the project. In addition, FyberX is eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development.

Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program. VDACS will assist Virginia hemp producers with accessing this market opportunity and offer resources to develop the physical and regulatory infrastructure this new industry needs to be successful.

“Industrial hemp fiber has great potential in Virginia, and FyberX can unlock that potential and create a sustainable market for the Commonwealth’s hemp producers, with its investments into the processing infrastructure for this crop,” added Secretary of Agriculture and Forestry Matthew Lohr. “I commend FyberX for their bold vision and commitment to bringing this needed infrastructure to Southern Virginia.”

FyberX was founded in 2019 to build the foundational infrastructure required to process raw agricultural biomass into refined natural fibers, creating more environmentally friendly manufacturing solutions. The company focuses on industrial hemp sources in the U.S. and will use its patented technology to process hemp for use in sustainable replacements for the textile, packaging, and construction industries.

Exclusive Research