Philip Morris USA to invest $50 million in Chesterfield tobacco warehouse
CHESTERFIELD COUNTY, Va. – Philip Morris USA will invest more than $50 million to establish tobacco leaf storage warehouses in Chesterfield.
The country’s largest tobacco company said it planned to lease four buildings, on 118 acres, off Bermuda Hundred Road in the Meadowville area of county.
“This new PM USA facility will be a welcome addition to our corporate community and once again indicates Chesterfield’s commitment to providing a business friendly environment,” Chesterfield County Board of Supervisors chairman James Holland said in a statement.
Philip Morris USA President and CEO Cliff Fleet said he was pleased the company could invest in its hometown. Philip Morris and Altria are based in western Henrico.
“This strategic Chesterfield County location will allow us convenient access to our manufacturing facilities and complement our existing storage and production activities,” Fleet said in a statement.
The warehouses will store raw materials Philip Morris uses to make its tobacco products. The company said the warehouses will “complement existing leaf storage warehouses” in the area.