MeadWestvaco to relocate innovation center from NC to Virginia

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MeadWestvaco to relocate innovation center from NC to Virginia

May 24, 2010 - 07:54

RICHMOND, VA, May 24, 2010 (Press Release) -Governor Bob McDonnell today announced that MeadWestvaco (MWV) will relocate its Center for Packaging Innovation (CPI) from Raleigh, North Carolina, to Richmond, Virginia. The move will relocate 128 jobs to Richmond, some of which will be positioned at the company's headquarters and others at a leased lab space yet to be determined. It is estimated that MWV will invest $10 million in the new CPI facilities.

Speaking about today's announcement, Governor McDonnell remarked, "Just two months ago we celebrated the opening of MeadWestvaco's new headquarters in Richmond. Soon we will be welcoming the company's Center for Packaging Innovation here as well. MeadWestvaco's decision to move its Center for Packaging Innovation to Virginia speaks volumes to the excellent business climate we have developed in this state. Companies are continuing to look to the Commonwealth to relocate and establish their business. I look forward to a continued partnership with MeadWestvaco as they grow and expand their operations here in Virginia."

"By bringing our innovation experts together with our teams in Richmond, we will improve the real-time interaction and collaboration on which our business thrives. The move will also allow us to take full advantage of our world class headquarters," said John A. Luke, Jr., chairman and chief executive officer of MWV. "Virginia's pro-business environment makes it a great place for the central hub of our global organization. We appreciate the support Governor McDonnell and Mayor Jones have provided to MeadWestvaco as we continue to grow and strengthen our presence in the Commonwealth."

Richmond Mayor Dwight C. Jones noted, "The Capital City proudly welcomes MeadWestvaco's Center for Packaging Innovation to the company's new headquarters in Richmond. The many researchers, analysts, designers and scientists will enjoy the premium view of the James River and we are looking forward to this additional workforce becoming part of our community and neighborhoods."