Tessy Plastics is investing $4.8 million to expand its plant in Lynchburg, VA, to target the medical disposables market.
The expansion will create 60 new jobs, according to an announcement by Virginia Gov. Bob McDonnell.
"As the second injection molding company expansion announcement in Virginia in the last 45 days, this project is testament to this important plastics processing sector," said McDonnell.
Among other incentives, the family owned-and-operated firm will receive a $150,000 grant from the Governor's Opportunity Fund to help the City of Lynchburg with the project. Tessy also is eligible to receive state benefits from the Virginia Enterprise Zone Program, and state-provided funding and services to support recruitment and training activities.
Last year, Tessy invested $9 million to expand a plant in Elbridge, NY.
The company currently has three product lines in the medical market:
- Minimally Invasive: canulas, staple delivery components, trocars;
- Noninvasive: pipettes, stopcocks, ear tips, speculums, syringes, blood analyzer disposables; and
- Medical Devices: components, sub-assemblies, full assemblies.