AREVA Inc. Announces Investment and Center of Excellence Designation in Lynchburg and Campbell County

AREVA Inc. recently announced a $26.3 million investment and the designation of its operations in Lynchburg and Campbell County as the company’s Operational Center of Excellence for Nuclear Products and Services in North America.

AREVA has successfully operated in Central Virginia since 1987, with more than 1,800 employees supporting facilities in both Lynchburg and Campbell County. The investment will allow AREVA to enhance its R&D capabilities by adding advanced machinery and equipment.

It will also allow AREVA to better position its Installed Base business. The company supports more than 100 nuclear reactors in North America, and is the leading supplier of nuclear energy products and services in the U.S.

AREVA’s long history in the Commonwealth and positive experience with Lynchburg and Campbell County’s highly-educated workforce helped secure the investment and designation for Virginia.

"Our new Operational Center of Excellence for Nuclear Products and Services in North America will give us the competitive and innovative edge we seek that will enable us to proactively identify customer needs and better provide safe, accurate and affordable holistic solutions," said Mike Rencheck, president and CEO of AREVA Inc. "The location of this world-class operation will better position us to continue driving the daily nuclear energy renewal, which is ensuring safe, round-the-clock power, and is critical to tomorrow’s supply of clean energy."

From nuclear to wind, Virginia’s energy industry is thriving. To learn why almost 400 energy companies call Virginia home, click here.


Oceaneering International Expands into New Facility in Chesapeake

Oceaneering International announced plans to expand to a new 150,000-square-foot facility in Chesapeake, Va. Armada Hoffler Properties will invest $25 million to develop the property. The project will create approximately 70 new jobs and retain more than 460 jobs.

Oceaneering Intl. was founded in 1964 and has grown from a diving business into a diversified, publicly-traded company (NYSE: OII). The company focuses on deepwater applications and provides engineered services and products to the offshore oil and gas, defense, entertainment and aerospace industries.

Oceaneering Intl. has successfully operated in Chesapeake for 13 years and will consolidate the engineering, manufacturing and administrative functions of its Marine Services Division at the new location. Virginia successfully competed against North Carolina for this project because Chesapeake offers access to the region’s skilled maritime workforce, an available site matching the company’s criteria, and a location that provides easy access to the ocean and customers in the U.S. Navy and maritime industry.

"Selecting Hampton Roads in Virginia for our new MSD location perfectly aligns our five year goals to become both the Employer and Contractor of Choice in our market segment," said Wayne Jakubowski, Oceaneering vice president and general manager. "This location provides ideal convenience to our current, very capable employee base, in which we have already invested significant training, as well as proximity to key customers and shipyards. Oceaneering MSD continues to foster the strategic partnerships with local and state government developed over 13 years at our current location in Chesapeake. This location is truly an enabler for continuing our support for the growing demands of our customers."

The diversity of Oceaneering’s applications is well-matched to the breadth of resources available to help businesses succeed in the Commonwealth. To learn why Virginia is a great place to grow a business, click here.

Greif Invests $45 Million to Upgrade Riverville Mill in Amherst County

In December, Greif announced plans to invest $45 million to modernize its Riverville Mill in Amherst County. The project will include upgrades to the mill’s semi-chemical medium machine that are expected to reduce energy consumption by 10 percent and increase production output by 11 percent.

Greif (NYSE: GEF, GEF.B) was founded in 1877 and produces container and packaging solutions for a range of industries. The Riverville Mill has been operating continuously since 1975 and manufactures containerboard used in the production of corrugated boxes.

This investment further anchors the mill and its almost 300 employees in Amherst County. Access to a highly-skilled workforce and ample timber supply within a 75-mile radius helped the county win this decision for Virginia.

"Investing in our Virginia mill operation is a sound business decision," said Mitch Heishman, technical manager, Greif. "Our state and local officials have been a pleasure to work with."

Greif’s almost 40-year legacy in Virginia exemplifies the pro-business environment and access to resources that companies experience when they come to the Commonwealth.

To learn more, click here.

<< Back to Yes Virginia Insider