Columbia-based Grupo Phoenix has unveiled a plan to expand the manufacturing activities of its subsidiary Phoenix Packaging Operations in Pulaski County, Virginia, US.

As part of the plan, the company will invest $48.7m in Phoenix Packaging, as well as create 145 new jobs.

With sales operations in 30 countries worldwide, Phoenix Packaging is currently involved in the creation, design and manufacturing of various rigid packaging solutions and food service disposable products.

Pulaski County has competed with Arizona in the US and Mexico to secure the Phoenix Packaging project, which is the company’s third expansion at the facility since its opening in 2010.

"Grupo Phoenix evaluated various location options to build upon its future in the US and chose Virginia due to a variety of factors."

Grupo Phoenix CEO Alberto Peisach said: “Grupo Phoenix evaluated various location options to build upon its future in the US and chose Virginia due to a variety of factors, including a central location that allows us to be within 400 miles of 80% of the US East Coast population;

According to Peisach, other factors that led to Virginia being chosen for the expansion included 'the ability to negotiate electricity at a competitive rate; access to rail transport, which reduces our logistics; a motivated labour force; support from the local colleges and universities to assist us with training specialised technical jobs; and the accessibility and unwavering support of the government to work together within the industry to create jobs'.

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Virginia Governor Terry McAuliffe has already approved a $600,000 grant from the Commonwealth’s Opportunity Fund to assist Pulaski County with the project.

In addition, the Governor has approved a $1m performance-based grant from the Virginia Investment Partnership (VIP) programme for the proposed expansion of Grupo Phoenix.

Grupo Phoenix will also receive benefits from Port of Virginia Economic and Infrastructure Development Zone Grant Programme and other government programmes.