On Friday, January 29, Governor Terry McAuliffe traveled to Roanoke, Virginia to visit Arkay Packaging and meet with Mitchell Kaneff, Arkay’s third-generation CEO. Governor McAuliffe announced that Arkay Packaging, known as one of the world’s premier 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.
 
Governor McAuliffe said, “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.”
 
Secretary of Commerce and Trade Maurice Jones, who joined the Governor, said, “Arkay’s expansion in Botetourt is great news for the manufacturing industry in the region and across the Commonwealth,” adding, “We are especially pleased
when an existing business is growing and creating new jobs for Virginians.”
 
Headquartered in New York with a 140,000-square-foot manufacturing facility in Roanoke, the company is a third generation family-owned business established in 1922.
Arkay provides global cosmetic and pharmaceutical companies with creative, cost-effective and eco-friendly packaging solutions.
 
Celebrating his company’s milestone 20th anniversary in Roanoke, Arkay chairman/CEO Mitchell Kaneff explained, “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.”
 
The Virginia Economic Development Partnership worked with Botetourt County to secure the project for Virginia. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.
 
 
 PHOTO: Virginia’s Governor Terry McAuliffe (L) congratulates Arkay Packaging’s chairman/CEO Mitchell Kaneff.