Medical manufacturer Hollister will be investing almost $30 million in its Virginia facility, the governor announced via his website.
Governor Bob McDonnell said that $29.6 million will be used to upgrade machinery and expand its manufacturing facility in Augusta County, Va. The expansion will add 50,000 square feet of production space for robotics and automation machinery.
Hollister chose the location based on competitive assistance from Virginia state and local governments. The Virginia Department of Business Assistance will supply financial assistance to Hollister’s training needs and Governor McDonnell approved a $250,000 performance-based grant via the Virginia Investment Partnership.
“Hollister Incorporated’s major investment is another great stride in Augusta County’s recent progress in expanding existing industry,” McDonnell said in his announcement. “Hollister manufactures important products for the health care industry and is a valued employer of hundreds of citizens in the region. This expansion and expenditure in new technology helps secure the plant’s sustainability and 100 existing jobs into the future.”
Meanwhile, McDonnell helped introduce a new high-tech research and development facility at the Commonwealth Center for Advanced Manufacturing in Prince George County, as reported by IMT Machining Journal’s sister publication, IMT Career Journal. The CCAM R&D facility will be the home for 50 student interns from universities including Virginia Tech, as they collaborate with researchers from companies including Rolls-Royce, Sandvik Coromant, and Siemens. The facility is intended to incubate advanced manufacturing technologies and spark high-tech job growth locally and around the state.