SOURCE: Grupo Phoenix

packaging, plastics, cups, disposable, plates, wholesale, recyclable, packaging solutions

April 04, 2011 15:49 ET

Grupo Phoenix Creates 240 New Jobs in Virginia and Invests $25 Million With Its First Manufacturing Plant in the U.S.

DUBLIN, VA--(Marketwire - April 4, 2011) - Grupo Phoenix, a leading international plastics manufacturer, announces the official inauguration of its first manufacturing plant in the United States. The company, along with Governor Robert McDonnell of Virginia and various state and local officials and representatives of the Colombian government, held a ribbon-cutting ceremony on March 30, 2011 in Dublin, VA to mark the occasion.

"We are here to bring jobs back to America," Alberto Peisach, President and Chief Executive Officer of Grupo Phoenix, said to applause at the factory's ribbon-cutting Wednesday, "paved by free enterprise with the support of our state and local government."

Phoenix Packaging Operations, LLC, a subsidiary of Grupo Phoenix, invested approximately $25 million into the manufacturing facility, which will create 240 new jobs in Dublin. The group is in further talks with Virginia's state and local governments for a possible second phase of funding which would increase the total investment to $40 million and create an additional 100 new jobs within the next twelve months. "Your new problem in this part of the county is going to be traffic congestion!" joked Governor Bob McDonnell at the ceremony, alluding to the significant impact the plant opening will have to the unemployment figures in the area.

Phoenix's state-of-the-art production plant was completed after a worldwide search to bring the best equipment, raw materials and assembly to Virginia. This will allow the company to produce using the leading technology in extrusion, thermoforming, printing and barrier packaging for the dairy, coffee and food industry. The group also heavily invested its resources to conduct a large-scale human resource effort, ensuring its work force has substantial experience in the industry.

During his speech at the ceremony, Alberto Peisach said, "Grupo Phoenix is committed to growing side by side with its customers. Our strong commitment to our clients is reflected in the construction of this state-of-the-art manufacturing plant, strategically located to supply our North American clients with quality products, superior customer service, and assurance of constant supply."

Grupo Phoenix, a private owned company, has been one of the leading manufacturers of injection-molded plastic packaging, thermoformed products, foil lidding and extruded barrier packaging in Latin America for the last 30 years. The company, with ten locations in Latin America and the United States, employs more than 4,000 people in four countries and exports to 30 countries worldwide. Grupo Phoenix manufactures packaging solutions for major companies and household names in the dairy, dessert, sauces and coffee market. www.grupophoenix.com

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