Honeywell plans to expand its advanced fibers and composites operations in Chesterfield County, creating 50 jobs.
The company will spend $27.5 million to add the business, which manufactures material that is used for ballistic protection for the U.S. military and law enforcement agencies and for other industrial applications.
Virginia competed against North Carolina and South Carolina for the investment.
“As home to 17 facilities employing approximately 1,800 Virginians, the commonwealth values Honeywell as a major corporate partner,” Gov. Bob McDonnell said in a statement. “An investment of this magnitude to manufacture life-saving technology at its operation in Chesterfield County is significant for the region and for Virginia.”
McDonnell approved a $300,000 performance-based grant from the Virginia Investment Partnership (VIP) program for the project.
“This investment will allow us to better serve our customers with next-generation materials,” Andreas Kramvis, president and CEO of Honeywell Performance Materials and Technologies, said in statement.
There are no comments for this entry