The Shadow
RICHMOND — Gov. Terry McAuliffe has announced that Coperion Corporation, in collaboration with local real estate developer WYCO, LLC (William Ellenbogen Managing Member), will invest a total of more than $3 million to expand its manufacturing operation in Wythe County.
Coperion, a wholly owned subsidiary of Hillenbrand, Inc. since 2012, is the world market and technology leader for compounding systems, bulk materials systems, components and services. Virginia successfully competed against New Jersey for the project, which will create 22 new jobs.
Speaking about today’s announcement, McAuliffe said, “I am thrilled to announce the expansion of a powerful public company like Coperion in Wythe County.
Creating quality jobs in the advanced manufacturing sector is one of the most important ways we can build a new Virginia economy, and we look forward to Coperion’s continued growth and success in Southwest Virginia.”
“We’re excited to expand our operations in Wytheville,” said Robert DiMarino, Vice President Operations, Coperion Corporation. David Kause, Chair of the Joint IDA of Wythe County, said.
, “Coperion’s continued investment in Wythe County is a testament to our strong workforce and positive environment for business.”
“On behalf of the Virginia Tobacco Commission, I want to congratulate Coperion on this expansion that will bring 22 new jobs to Wythe County,” said Senator Bill Carrico, a member of the Virginia Tobacco Indemnification and Community Revitalization Commission. “In addition to the $80,000 from the Tobacco Region Opportunity Fund, this announcement is highlighted by the capital investment of more than $3 million, which demonstrates the company’s continued commitment to Wythe County and the region.”
Since the beginning of the McAuliffe Administration, 247 economic development deals have been closed in Virginia with more than $5.3 billion in capital investment, more than twice the amount of capital investment brought to the Commonwealth in any Governor’s first 11 months in office.
