Plastics Company Investing $9.2M In Virginia Expansion

Tessy Plastics will create 34 new jobs with the expansion of its Lynchburg, VA plastics manufacturing operation.


https://businessfacilities.com/2018/03/plastics-company-investing-9-2m-in-virginia-expansion/
Tessy Plastics will create 34 new jobs with the expansion of its Lynchburg, VA plastics manufacturing operation.
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Plastics Company Investing $9.2M In Virginia Expansion

Tessy Plastics will create 34 new jobs with the expansion of its Lynchburg, VA plastics manufacturing operation.

Plastics Company Investing $9.2M In Virginia Expansion

Tessy Plastics will invest $9.2 million to expand its manufacturing operations in the City of Lynchburg, VA to accommodate a new product line. The custom injection molded plastic components maker also considered New York for the project, which will create 34 new jobs.

Lynchburg, VA
(Photo: Tessy Plastics)

“We at Tessy Plastics have an excellent, hardworking, and honest workforce,” said Ken Beck, President of Tessy Plastics Lynchburg Division. “With our dedicated employees and the partnership with the City of Lynchburg and the Commonwealth of Virginia, we look forward to investing in our future to make us a stronger, more efficient company, keeping us competitive in a global market.”

Tessy Plastics, a division of Tessy Plastics Corporation, was founded in 1973 by entrepreneur Henry Beck. The company is a global medical contract manufacturer with ISO 13485 certification, FDA/GMP–compliant facilities in New York, Virginia, and China. Serving the industry leaders in the medical, automotive, aerospace, military, and consumer products markets, Tessy specializes in injection mold building, with the capability to design and build multiple cavity injection molds, injection mold repair, injection mold engineering changes, and injection mold maintenance services.

The Virginia Economic Development Partnership worked with the City of Lynchburg and the Lynchburg Regional Business Alliance to secure the project for Virginia. Governor Ralph Northam approved a $200,000 Commonwealth’s Opportunity Fund to assist the City with the project. Tessy Plastics is eligible to receive additional grants and state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development, and will also be eligible to receive Sales and Use Tax Exemptions on manufacturing equipment. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.

“With over 200 employees, Tessy Plastics has been a valuable contributor to Lynchburg’s economy for more than 20 years, and we are proud that this global manufacturer will reinvest in the Commonwealth,” said Gov. Northam. “Virginia’s strategic Mid-Atlantic location, superior transportation network, and competitive operating costs make the Commonwealth an optimal home for plastics and advanced materials companies, as evidenced by the more than $1 billion invested in the industry in the past decade. We look forward to continuing our strong corporate partnership with Tessy Plastics, and thank the company for choosing to grow in Lynchburg.”

“Tessy’s products touch many facets of our lives, and we’re proud to support the expansion of this impressive company in Virginia,” said Secretary of Commerce and Trade Esther Lee. “Growing the plastics and advanced manufacturing industries is important to a diverse economy, and we’re thrilled that Lynchburg continues to provide the business environment for Tessy Plastics to thrive.”

Relocating or Expanding Your Business In Virginia

Considering Virginia for your company’s relocation or expansion project? Check out Business Facilities’ Virginia Incentives and Workforce Development Guide.

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