A leading provider of packaging solutions to food, beverage and other consumer products companies, Graphic Packaging International, Inc. will invest $20 million to expand its operations campus in Staunton, Virginia.
The wholly-owned subsidiary of Graphic Packaging Holding Company will create 43 new jobs in the region. The Company is one of the largest producers of folding cartons and holds a leading market position in coated-unbleached kraft and coated-recycled board.
"The Staunton folding carton plant is strategically important for Graphic Packaging to execute our business plan,” said Michael Doss, President/CEO. “The expansion will significantly bolster our manufacturing capabilities to serve existing and new customers. We selected Staunton for our expansion after a thorough assessment, and we thank the leaders and citizens of Virginia and the City of Staunton for their continued partnership.”
Virginia Economic Development Partnership worked with the City of Staunton and the Shenandoah Valley Partnership to secure the project for Virginia. Governor McAuliffe approved a $250,000 grant from the Commonwealth’s Opportunity Fund to assist Staunton with the project.
In addition, the company 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.
Governor Terry McAuliffe said, “The advanced manufacturing sector continues to gain momentum in the Commonwealth, and we are proud that Graphic Packaging International is a leader in this key industry and investing in the future of its operation in the City of Staunton. The creation of good-paying manufacturing jobs is a key component of our administration’s strategy to diversify and build a new Virginia economy.”
“It’s tremendous to see the progression of an enterprise that began with a local entrepreneur and to experience the economic vitality it has since generated for our City,” said Staunton Mayor Carolyn Dull.
“We’ve watched this company evolve and expand since 1996, from a 60,000-square-foot facility offering 34 jobs, to a larger facility with over 170 employees. Staunton’s new relationship with Graphic Packaging International — a global company well-established in North America, Europe, South America and Australia—will open the doors to people and suppliers from around the world,” she added.
Source : areadevelopment.com