An Italian plastic packaging manufacturer announced on Friday that it will invest $25.7 million in a project to locate a manufacturing operation in an existing facility in Shenandoah County.
Serioplast, headquartered in Seriate, Italy, provides packaging for companies like Procter & Gamble, Unilever and Reckitt Benckiser.
The project will create 45 new jobs.
Gov. Glenn Youngkin approved a $180,000 grant from the Commonwealth’s Opportunity Fund to go toward the bottom-line cost for the project, according to a news release from the Office of the Governor.
“I am thrilled that Serioplast has chosen the Commonwealth of Virginia to build a new industrial facility for their plastic packaging,” Youngkin said. “I also applaud Serioplast for strengthening their workforce by participating in the Virginia Talent Accelerator Program, which will bring customized training services to this robust, international company.”
Serioplast was founded in 1974, and operates 33 production facilities across 16 countries with a workforce of more than 2,000 employees.
“Serioplast stands out not only for its excellence in manufacturing but also for its commitment to sustainability,” Serioplast Group CEO Paolo Bergamini said. “Our vision for the future is clear: to drive growth and innovation while maintaining a strong commitment to sustainability. With our growth in North America, Serioplast is ready to write a new chapter of success. We believe Virginia, with its robust economy, highly skilled workforce, and favorable business environment, is the ideal location for our expansion and long-term success.”
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Chris Graham
