Chinese company to create 150 jobs in Shenandoah
- March 18, 2010
Mercury Paper is planning to expand its Shenandoah County facility and move its North American headquarters to the site. The $21.2 million investment will create 150 jobs.
Mercury Paper’s parent company, Sinar Mas Group, based in Shanghai, is one of the world’s largest pulp and paper companies. The expansion will represent China’s largest investment in the state, according to Gov. Bob McDonnell.
“Mercury Paper is quickly establishing a significant North American presence on the East Coast,” McDonnell said in a statement. “To expand its current Shenandoah County facility and relocate its U.S. headquarters at the same time signifies Mercury Paper’s faith in its continued success in the commonwealth.”
Mercury Paper is located in Strasburg and produces paper towel and tissue products.
“We selected Shenandoah County, Virginia, because it offers a strategic location to serve our customers and our growing market,” said Mercury Paper CEO Philip Rundle. “The area has a competitively low operating cost advantages and boasts a pro-business environment. Our current experience with the community’s leadership and the work ethic among the regional workforce have been very positive.”
The Virginia Economic Development Partnership, Shenandoah and the Virginia Inland Port worked together to secure the investment in Virginia. McDonnell approved a $250,000 grant from the Governor’s Opportunity Fund to help Shenandoah with the project.