Virginia successfully competed against New Jersey
Governor Terry McAuliffe announced today 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, Governor 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.”
“Coperion Corporation’s expansion is terrific news for Wythe County and the region,” said Maurice Jones, Virginia Secretary of Commerce and Trade. “This project is strategically important in that it brings new jobs and capital investment to an area in need, and also represents further growth opportunities for the operation as it expands and adds equipment and production capabilities.
Coperion, headquartered in Stuttgart, Germany, is a wholly owned subsidiary of Batesville, Indiana-based Hillenbrand, Inc. Hillenbrand is a global diversified industrial company that makes and sells premium business-to-business products and services for a wide variety of industries. The company pursues profitable growth and meaningful dividends for its shareholders by leveraging its leading brands, robust cash generation capabilities, and strong core competencies.