March 31, 2010
A leading producer of nonwoven fabrics is planning to expand its existing facility in Waynesboro, creating 41 jobs.
Gov. Bob McDonnell says Polymer Group plans to invest at least $65 million to expand its facility, including the purchase of equipment to start a new manufacturing line and increase production.
McDonnell says the investment is important for the manufacturing sector in Virginia.
Polymer Group produces and markets engineered materials. The company operates 15 manufacturing and converting facilities in nine countries.
McDonnell approved a $750,000 grant from the Governor's Opportunity Fund for the project. He also approved $750,000 in a performance-based grant from the Virginia Investment Partnership program.