376 new jobs promised after Chinese company chooses to open plant in Petersburg

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UniTao Pharmaceuticals LLC

PETERSBURG, Va. — The governor announced more than 370 jobs would be coming to Petersburg after UniTao Pharmaceuticals LLC purchased the Boehringer Ingelheim plant with plans to invest $22.5 million to establish operations there. Thursday’s announcement comes days after Governor McAuliffe returned from a marketing mission to Asia.

“This project will have a tremendous impact in the City of Petersburg and the surrounding region. I had the great privilege of meeting with company officials during my Asia marketing mission last week in Shanghai, China to officially close this significant win,” Governor McAuliffe said in a statement. “UniTao’s new manufacturing operation in the Commonwealth is another milestone in building a new Virginia economy and builds on Virginia’s longstanding and growing relationship with China.”

UniTao is a subsidiary of Shanghai-based Tenry Pharmaceutical Co., Ltd. The company makes active pharmaceutical ingredients.

More than 200 people lost their jobs with Boehringer Ingelheim closed its plant in 2013.

"An investment of this magnitude and new job opportunities in an economically distressed community is cause for celebration," Maurice Jones, Virginia Secretary of Commerce and Trade, said in a statement. "It is a great testament to our ongoing efforts and Virginia’s incredible assets."

The Virginia Economic Development Partnership worked with Petersburg to secure the project with the assistance of a $1 million grant from the Governor’s Opportunity Fund.

"Our expansion to Virginia underscores our commitment to meeting the demands of our global customers as efficiently as possible,” Tao Ye, chief executive officer for UniTao Pharmaceuticals, said. "The former Boehringer Ingelheim facility, the region’s accessibility and its skilled workforce will enable us to start operations quickly and better meet marketplace demands in the U.S. and elsewhere."

6 comments

  • swayze

    Chinese companies couldn’t even be trusted to make untainted baby formula, and we’re letting them take over our food and medicine production.

  • General Ho

    Good luck taking medication from that firm. Recall the poisoned baby formular, dog food, and other products.

  • Becky

    Love highly propagandized PC IT with Democratic Impunity!
    . Democratic Governor Terry McAulille under 2 separate, “Lerner Lost” Federal Investigations.
    …Democratic Governor Terry McAuliffe Conned Virginia, Mississippi and Country with his Energy-Green Tech Scam.
    Buddy Clinton arranged for McGAuliffe to Step Into the “already Incorporated” Chinese/Mississippi GreenTech,
    as its “Founder”. Clinton arranged for :McAuliffte to Step Out of GreenTech when it Got Politically HOT!
    They formed Cottage Industries for Family, friends ,and cohorts to Thrive while taking their covert advantages.
    NO PC Problems. No PC Prosecutions. He’s Back at IT with his favored Chinese Corps.
    PC is overjoyed with their PC Governor’s PC. Media personifies McAuliffe’s Attributes as their Hero Governor..
    Governor McAuliffe Auctions Off ACCESS to his Office, Power, Authority to his Party’s PAC Highest Bidders.
    Democratic Politics of Hypocrites!

  • Manalishi

    ” the region’s accessibility and its skilled workforce ” This clown obviously doesn’t know a damned thing about Petersburg, it’s politics, or it’s inhabitants.

  • Thomas McFreeman

    The American people need to begin their transition from being an employee to becoming an entrepreneur. Job losses due to outsourcing and globalization will continue and soon we will have to contend with the robots and the machines (automation) that has begun.
    Author “The Art of Debt Guerrilla Warfare, how to beat debt collectors when your back is
    against the wall.”

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