The parent company of Phoenix Packaging is ready to spend $48.7 million to expand Dublin operations, an investment that will add 145 new jobs at the manufacturing plant.
Gov. Terry McAuliffe, who announced the project this morning in Dublin, said parent company Grupo Phoenix is “the quintessential example of the business success that can be achieved in the commonwealth, growing its first U.S. operation in Pulaski County by leaps and bounds in just seven years.”
Pulaski County competed successfully against both Arizona and Mexico for the project, which is the third major expansion at the plant since it opened in 2010. In 2011, Grupo spent $17.5 million to expand operations and add 100 more jobs. Another 100 jobs were added in 2012 when the company invested $20 million more.
In a smaller step-up last year, $1.5 million in new machinery and 40 more jobs were added to the plant, which manufactures yogurt containers and k-cup pods for single-serve coffee makers.
Grupo Phoenix CEO Alberto Peisach explained that the company “evaluated various location options to build upon its future in the United States, and chose Virginia due to a variety of factors, including a central location that allows us to be within 400 miles of 80 percent” of the U.S.’s East Coast population. He also cited a motivated work force, training assistance from local colleges and “unwavering support of the government to work together to create jobs.”