Honeywell plans to spend $27.5 million to increase its production capability at Virginia operation. Gov. Bob McDonnell said in a news release that the project will add 50 jobs. The Chesterfield County operation produces polyethylene fiber for bullet-resistant vests and other ballistic protection used by the U.S. military and law enforcement. The fiber also is used in some industrial applications.
Gov. McDonnell has approved a $300,000 performance-based grant from the Virginia Investment Partnership program for the expansion. The Virginia Department of Business Assistance will provide support for recruitment and training activities.
Honeywell has 17 facilities statewide in Virginia, including in Hopewell and Colonial Heights, and employs about 1,800 people in Virginia. The Chesterfield location on Bermuda Hundred Road employs about 300 people.
The Virginia Economic Development Partnership, the Greater Richmond Partnership and Virginia’s Gateway Region helped secure the project for the area.
Virginia edge North Carolina and South Carolina for the project. The 106-year-old company launched operation in Virginia in 1928. Honeywell had sales totaling $36.5 billion in 2011, up 13 percent over 2010.
You might like:
- Thomson Reuters Expanding Texas Operations
- Advanced Manufacturing Industry: Dynamic Advancements
- State Focus – Kansas: The Sunflower State Is Blooming and Booming
- Feature Story: 2016 Economic Development Awards
- Automotive Industry Focus: Hitting On All Cylinders
- Cover Story: Global Biotech Report
- Race to a Smart Future
- DH Pace Company Expands Kansas HQ Facility
- Toyota Chooses Ann Arbor For Third U.S. Research Facility
- Heroic Efforts In California
- Water on the Brain
- Cape Coral Economic Development Office: Location Spotlight of the Week
- GM Investing Over $788M, Creating 781 Jobs In Tennessee
- Axiall, Lotte Invest $3 Billion in Louisiana Chemical Plants
- Monsanto To Invest $975M In Louisiana Expansion
- $25 Million Pledged for Economic Development Partnership in Flint, Michigan Amid Water Crisis
- Auto Supply Manufacturer Adding 80 Jobs In Indiana