RICHMOND, Va. (AP) — Continental Waste Management plans to open a plastic recycling plant in Covington, creating 100 jobs.
Gov. Bob McDonnell said Monday that the company will invest $6 million for the post-industrial and post-consumer plastic recycling facility. It also will produce plastic and wood composite products at the plant.
The governor's office says Continental Waste Management will occupy the former AET Film property. Operations are expected to being early this summer.
Raleigh, N.C.-based Continental Waste Management is a recycling and manufacturing company that converts waste plastic materials into commercial products.
McDonnell approved a $150,000 grant from the Governor's Opportunity Fund for the project.