CHESTERFIELD COUNTY, Va. - A Chinese pulp and paper company will create 2,000 jobs in Chesterfield over the next six years after it opens its first U.S. advanced manufacturing operation, according to Virginia Governor Terry McAuliffe's office.
The $2 billion investment by Shandong Tranlin Paper Co., Ltd., is the largest Chinese investment and job creation project in Virginia history, the governor's office said.
“An investment of this magnitude, with the creation of 2,000 new jobs by 2020, represents the largest Chinese greenfield economic development project in the United States, and shows how Virginia is leading the way in attracting innovative businesses to the Commonwealth," Governor McAuliffe said in a statement. "The opportunity to welcome a leading, global company’s first U.S. manufacturing operation and simultaneously strengthen Virginia’s relationship with China is invaluable."
Tranlin’s new facility will be located on an 850-acre campus in the James River Industrial Center.
“We are pleased that Virginia and Chesterfield County will be the site of our first U.S. advanced manufacturing operation,” Mr. Hongfa Li, Chairman and President, Shandong Tranlin Paper Co., Ltd., said in a statement. “Virginia has abundant resources of agricultural stalks, power and water supply, manpower, and a strong transportation system—all necessary tools that guarantee Tranlin’s future development."
This is a developing story.