Gov. Terry McAuliffe will take a July trip to China, where he will visit the paper company that recently announced a $2 billion investment in a Chesterfield County facility.
McAuliffe will visit Shandong Tranlin Paper Co. during a July 9-12 trip, according to his office. He will make additional stops related to economic development and trade relations, said McAuliffe spokeswoman Rachel Thomas.
McAuliffe, who is in San Diego for a biotechnology conference, added the latest trip to what’s becoming a busy stretch of travel. He fit in the trip to China before he visits the Farnborough International Airshow in London July 13-17.
Shandong Tranlin Paper Co., a papermaker venturing outside China for the first time, announced this month that it will invest $2 billion in an advanced manufacturing facility along the James River in Chesterfield, creating an estimated 2,000 jobs by full operation in 2020.
Two Chesterfield officials will go to China as well: the county’s administrator, James J.L. Stegmaier, and its assistant director of economic development, Garrett Hart, according to McAuliffe’s office.
“This is a significant investment in our community, and this trip with the governor is part of establishing and building a long-term partnership with Tranlin and others in China’s business community,” Stegmaier said.
Tranlin Inc. is Tranlin group’s recently established U.S. entity. Chesterfield estimates real estate taxes alone of $3 million a year from the Tranlin plant once it is completed on 850 acres near Willis Road between the James and Interstate 95.
The 2,000 jobs that will be created — manufacturing and production, sales and marketing, engineering, human resources, executives and finance — will pay an average of $45,663 a year, according to the Virginia Economic Development Partnership.
McAuliffe will return to China, Japan and Korea in October for a trip focused on advanced manufacturing, technology and life science, among other things, according to his office.
Michael Martz contributed to this report.
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