Honeywell Expands Advanced Fiber Production in Virginia
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‚Äôs 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.