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Laura Leigh Savage
Manager. Composites and Polymers. Business Development
804-545-5744
LLSavage@YesVirginia.org
Virginia's strategic mid-Atlantic location, superior transportation network and competitive operating costs combine to make an ideal location for Plastics & Advanced Materials companies.
Virginia is home to over 200 plastics companies that employ more than 19,700 Virginians.
Since 2001, Plastics & Advanced Materials companies have invested $1.08 billion and created more than 5,220 new jobs in Virginia. Recent major announcements include: DuPont, Essel Propack America LLC, O'Sullivan Films, Phoenix Packaging, Trinity Packaging and Universal Fiber Systems.
- Plastics material and fiber manufacturers
- Film/sheet manufacturers
- Blow molders
- Injection molders
- Pipe/profile manufacturers
- Thermoformers
- Equipment manufacturers
- Direct economic output of $10.3 billion
- Plastics Products is largest sector
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Major Plastics & Advanced Materials Companies |
| Alloy Polymers |
| Amcor |
| Azdel Composites and Material Solutions |
| CP Films |
| DuPont |
| Honeywell |
| Intertape Polymer |
| Invista |
| Klockner Pentaplast |
| Polymer Group |
| Printpack |
| Rubbermaid Inc. |
| Strongwell |
| Tessy |
| Trinity Packaging |
| Universal Fibers |
| Xaloy |
- Two of the nation's largest railroads, CSX Corporation
and Norfolk Southern Corporation, have extensive infrastructure throughout
the State
- Fourteen railroads operate on more than 3,400 miles
of railway in Virginia, of which more than 3,100 miles are Class I—one
of the strongest rail networks in the nation
- Six major interstate highways, I-95, I-85, I-81, I-64,
I-77 and I-66, provide quick access to Northeast, Southeast and Midwest
markets
- 14 commercial airports serve the Commonwealth, including
two of the nation's largest, Washington Dulles International and Ronald
Reagan Washington National
- The Port of Virginia offers world-class shipping facilities
and a schedule of approximately 3,000 sailings annually to over 250 ports
in 100 foreign countries.
- Average cost per unit of electricity for the industrial sector is 6.55 cents, compared to 6.71 cents for the nation.
- Virginia manufacturers have one of the lowest average workers’ compensation costs in the country. At $2.09 per $100 of payroll in January 2009, it ranks 4th lowest nationally and is 44 percent lower than the U.S. average.
- Unemployment tax burden that is 40 percent lower than the national average
- 6 percent corporate income tax rate has not been increased since 1972
- Right-to-work law allows individuals the right to work regardless of membership in a labor union or organization
Source: Edison Electric Institute, Typical Bills and Average Rates Report, Winter 2011
Estimates of unemployment insurance
tax per employee are a product of the average unemployment insurance tax as a
percentage of taxable wages and the taxable wage base. Source: Average Employer
Contribution Rates, By State, CY 2010, Employment and Training Administration,
United States Department of Labor
Net Workers' Compensation insurance
cost for manufacturing industry (per $100 of payroll). States with no data provide
workers' compensation insurance through a state fund. Source: Workers Compensation
State Rankings Manufacturing Industry Rates and Statutory Benefit Provisions,
2009 Edition, Actuarial & Technical Solutions, Inc.
Strong occupational and technical training programs designed to meet the needs of the Plastics & Advanced Materials industry are provided by Virginia's colleges and universities, Community College System, and communities.
- Virginia Tech is home to the interdisciplinary Macromolecules and Interfaces Institute, integrating macromolecular and interfacial sciences and engineering
- The Virginia Community College System offers High Performance Manufacturing Technicians certifications
- Danville Community College in Southern Virginia offers plastics processing technology certificates and its training center includes an injection molder, extruder, pultruder, and auxiliary equipment for hands-on training
- Dabney S. Lancaster Community College in Western Virginia offers an Advanced Manufacturing and Packaging Technology curriculum
- The Center for High Performance Manufacturing (CHPM) at Virginia Tech works to help manufacturing firms stay competitive
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