Virginia Governor Terry McAuliffe recently announced that Arkay Packaging, Roanake, Va., USA, one of the world’s premiere folding carton manufacturing companies, will invest $11 million to upgrade equipment and expand its operation in Botetourt County. The project will create 50 new jobs.

Speaking about today’s announcement, Governor McAuliffe said that "Arkay Packaging is a leading company that has continued to invest and expand in Virginia since it began operations in Botetourt County in 1996. Advanced manufacturing is an industry of the future, and growing this sector is vital to building a new Virginia economy. We thank Arkay for the vote of confidence in the Commonwealth, and we welcome 50 new jobs to the company’s strong employee base."

"Arkay’s expansion in Botetourt is great news for the manufacturing industry in the region and across the Commonwealth," said Secretary of Commerce and Trade Maurice Jones. "We are especially pleased when an existing business is growing and creating new jobs for Virginians."

Arkay provides global cosmetic and pharmaceutical companies with highly creative, cost-effective, and eco-friendly packaging solutions using cutting-edge technologies and a palette of special effects. Headquartered in New York with a 140,000 sq. ft. manufacturing facility in Roanoke, the company is a third generation family-owned business established in 1922.

Celebrating his company’s milestone 20th anniversary in Roanoke, Arkay Chairma CEO Mitchell Kaneff said that "when we first researched relocating the company to Virginia in 1996, we found it to be very appealing with its lower taxes, competitive business incentives, reduced energy costs, excellent schools, and the fact that it was a right-to-work state. Roanoke, in particular, attracted us with its vibrant community and the advantage of a strategically perfect location: directly accessible to the entire east coast."