On Wednesday, tobacco product manufacturer Philip Morris USA announced its plans to build a $50 million tobacco leaf storage warehouse complex in Chester.
The new facility will total 1 million square feet and cost about $50 million to establish. It will be located off of Bermuda Road in the Meadowville area of Chesterfield County.
“We are pleased to continue investing in the Richmond area, which is home to our headquarters and state-of-the-art manufacturing center,” said Cliff Fleet, President and CEO of Philip Morris USA. “This strategic Chesterfield County location will allow us convenient access to our manufacturing facilities and complement our existing storage and production activities.”
Chesterfield County leaders are waiting for the new facility with anticipation.
“This new PM USA facility will be a welcome addition to our corporate community and once again indicates Chesterfield’s commitment to providing a business friendly environment,” said James Holland, Chairman of the Chesterfield County Board of Supervisors.
Philip Morris is owned by Altria Group, Inc. and headquartered in Richmond. About 4,000 Virginians are employed by Altria.
Since 1983, Philip Morris has been the largest cigarette manufacturer in the United States; more than half the cigarettes in the United States are made in its manufacturing center in South Richmond.
“Altria is one of the top 10 largest employers in the area and we are pleased that they found Chesterfield County to be the right place for their continued investment,” said Jay Stegmaier, County Administrator of Chesterfield County.
Copyright 2014 by Young Broadcasting of Richmond